4468 Reinbeau Dr Columbus, OH 43232
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 4468 Reinbeau Dr
- Year built
- 1973
- Property type
- Small apartment buildings
Description
This exceptional 24-unit apartment building, located at 4468 Reinbeau Drive in Columbus, Ohio, presents a compelling investment opportunity. Built in 1973, this ranch-style complex boasts 24 one-bedroom, one-bathroom apartments, each averaging 576 square feet and currently commanding an average monthly rent of $675. The property sits on a substantial 55,756.8 square foot lot and features private entries and patios for each unit, contributing to resident satisfaction and low maintenance interiors. The asking price is $1,680,000, translating to $119.05 per square foot. Ample paved parking is available for residents. The property's convenient location offers easy access to various amenities. This is the first community developed by Cardinal Industries. Note that the seller also owns an adjacent 17-unit apartment complex, offering the potential to acquire a larger 41-unit portfolio for $2,595,000. This presents significant upside potential for increased income. The property is being sold as-is, with curbside offers only. No owner financing is available. Please respect the privacy of current residents and refrain from disturbing them.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8805229
- Latitude
- 39.9067051
