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    4496 Reinbeau Dr Columbus, OH 43232

    Sponsored
    For Sale
    $2,575,000

    Columbus, OH Multifamily Value-Add Opportunity

    Property size:
    3,456 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Hamilton Court, a 41-unit apartment building in Columbus, Ohio, presents a compelling value-add investment opportunity. This Class C multifamily property, built in 1973, boasts 3,456 square feet across seven buildings situated on a 2.27-acre lot. Currently operating at 95% occupancy, the property generates a strong Net Operating Income (NOI) of $188,291, yielding a 7.31% cap rate. The asking price is $2,575,000. The unit mix includes 33 one-bedroom, one-bathroom apartments averaging 576 square feet and renting for $675

    Property Features for 4496 Reinbeau Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,456 SF
    Class
    C
    Lot Size
    98,881 SF

    Building Details

    Year Built
    1973
    Buildings
    7
    Units
    41
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.87981951
    Latitude
    39.90641031

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    FAQs

    What type of property is this?
    Multifamily property - Columbus, OH Multifamily Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at 4496 Reinbeau Dr Columbus, OH.
    What is the asking price?
    The asking price for this property is $2,575,000.
    Request Owner's contact information
    4496 Reinbeau Dr Columbus, OH 43232
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    Columbus, OH 43232
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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
    4496 Reinbeau Dr Columbus, OH 43232
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