4496 Reinbeau Dr Columbus, OH 43232
- Commercial real estate
- 3,456 SF
- 2.27 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4496 Reinbeau Dr
- Year built
- 1973
- Lot size
- 2.27 lot acres
- Property size
- 3,456 SF
- Property type
- Commercial real estate
Description
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
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.87981951
- Latitude
- 39.90641031