Apartment Building with
For Sale
Contact for pricing
Pending
5596 Autumn Chase Drive, Columbus, OH 43232
Individual PTAC systems and in-unit washer/dryer hookups support straightforward apartment operations.
Property Size49,400 SF
Lot Size3.37 Acres
Days on Market710
Property Features for 5596 Autumn Chase Drive
General Information
Standard status
Pending
Size
49,400 SF
Total Parking Spaces
116
Lot size
3.37 Acres
Property subtype
Multifamily
Occupancy
73%
Units
Unit Mix
48 x studio, 28 x 1BR/1BA
Multifamily Units
76
Additional Details
Utilities to Site
Yes
Amenities
in-unit washer/dryer hook-ups
Building Details
Year Built
1987
Year Renovated
2011
Units
76
Listing Agency:
Prodigy Properties Cincinnati
Listed By:
Jeffrey Lane · License #2001021921
(513) 351-7368
Source:
Crexi
Added: Nov 10, 2024
Changed: Oct 13
Last Checked: Oct 20 at 8:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prodigy Properties Cincinnati
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property includes 76 units arranged as 48 studios and 28 one-bedroom, one-bath residences. The 49,400-square-foot building was constructed in 1987 and sits on 3.37 acres. Each apartment uses an individual PTAC system for heating and cooling, while washer/dryer hookups are provided inside the units. Electricity is paid by tenants, and water is paid by the owner.
The property offers surface parking along with 40 carports. Current occupancy is 73%. Located at 5596 Autumn Chase Drive in Columbus, Ohio, the asset is being offered through a Court Appointed Receiver sale.
The property offers surface parking along with 40 carports. Current occupancy is 73%. Located at 5596 Autumn Chase Drive in Columbus, Ohio, the asset is being offered through a Court Appointed Receiver sale.
Key Highlights
- 76 apartment units: 48 studios and 28 1‑bed / 1‑bath units
- 49,400 SF apartment building on 3.37 acres
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$338,381
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,767,620
$6.8M
Cap Rate 7%
$4,834,014
$4.8M
Cap Rate 9%
$3,759,789
$3.8M
Market Conditions
NOI Build-Up for 49,400 SF
Gross rent
$658.0K $13.32/SF
− Vacancy
−$42.8K −$0.87/SF
EGI
$615.2K $12.45/SF
− OpEx
−$276.9K −$5.60/SF
NOI
$338.4K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,767,620
Cap Rate 7%
$4,834,014
Cap Rate 9%
$3,759,789
Alternative Uses
Best Use
Apartment 5plus
$4.83M
$4.23M – $5.64M
NOI $338,381 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.30M
$9.01M – $12.01M
NOI $720,665 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
76
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual PTAC systems and in-unit washer/dryer hookups support straightforward apartment operations.
Where is this apartment building located?
The property is located at 5596 Autumn Chase Drive Columbus, OH.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 76 apartment units: 48 studios and 28 1‑bed / 1‑bath units; 49,400 SF apartment building on 3.37 acres; Built in 1987
