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    3731-3733 Heatherglen Dr Columbus, OH 43221

    Sponsored
    For Sale
    $450,000

    Two-unit apartment building, Hilliard schools.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a two-unit apartment building ideally situated in Columbus, Ohio, within the desirable Hilliard School District. Located at 3731-3733 Heatherglen Drive, this property boasts a prime location just minutes from Dexter Falls Park. Built in 1987, the property sits on a 3,920.4 square foot lot and offers two units, each featuring three bedrooms and two and a half bathrooms. Both units include spacious eat-in kitchens and a one-car garage. Adding to the appeal, the backyard is fully fenced. Currently, one unit is tenant-occupied with a lease expiring in November 2024, commanding a monthly rent of $1395. The tenant is responsible for all utilities. The second unit is currently vacant, presenting immediate potential for rental income. The asking price is $450,000, translating to a price per square foot of $334.57. This property represents a strong investment opportunity in a sought-after location with excellent rental potential. The property is in the 43221 zip code.

    Property Features for 3731-3733 Heatherglen Dr

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1987
    Units
    2

    HighLights

    • $450,000 asking price.
    • Multifamily investment property, Duplex/Triplex/Quadruplex, 2 units.
    • $334.57 price per square foot.
    • 3,920.4 square foot lot.
    • Built in 1987.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Food Market Grocery Store Gym & Fitness Skin Care Clinic Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1170923
    Latitude
    40.0553962

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, Hilliard schools.
    Where is this multifamily property located?
    The property is located at 3731-3733 Heatherglen Dr Columbus, OH.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price.; Multifamily investment property, Duplex/Triplex/Quadruplex, 2 units.; $334.57 price per square foot.
    Request Owner's contact information
    3731-3733 Heatherglen Dr Columbus, OH 43221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3731-3733 Heatherglen Dr Columbus, OH 43221
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