5596 Autumn Chase Dr Columbus, OH 43232

Property Details for 5596 Autumn Chase Dr

Year built

1987

Lot size

3.37 lot acres

Property size

49,400 SF

Property type

Commercial real estate

APN

010-205704-00

Description

This 76-unit apartment building in Columbus, Ohio, presents a unique investment opportunity. Located at 5596 Autumn Chase Dr, this Class C multifamily property boasts 49,400 square feet across seven, two-story buildings situated on a 3.37-acre lot. Built in 1987 and renovated in 2011, the property comprises 48 studio units and 28 one-bedroom, one-bathroom units. Individual PTAC units provide heating and cooling, with tenant-paid electricity and owner-paid water. Each unit includes washer/dryer hookups. The property features ample surface parking, supplemented by 40 carports. Currently, the occupancy rate stands at 73%. The property is zoned AR1 Multi Family Residential. This is a court-appointed receivership sale with specific terms and conditions. Prospective buyers must pre-qualify by submitting evidence of financial capability, a $25,000 participation deposit, a completed bidder questionnaire, and an executed purchase and sale agreement by December 2nd, 2024. The auction begins December 3rd, 2024, at 8:00 AM ET and concludes December 5th, 2024, at 3:00 PM ET. A 10% buyer's premium will be added to the highest bid. The sale is as-is, where-is, free and clear of all liens, with taxes prorated to the closing date. Financing and due diligence contingencies are not permitted; however, limited, non-invasive access for financing purposes will be granted. The winning bidder must increase their deposit to $150,000 by 12:00 PM ET on December 6th, 2024. Closing must occur by January 30th, 2025, or 30 days after court approval. The receiver reserves the right to accept or reject any offer.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Longitude

-82.8437826785

Latitude

39.942571851147