Corporate-Leased Condo Portfolio near Children's Hospital

369 S 17th St Columbus, OH 43205

369 S 17th St, Columbus, OH, 43205
369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205 369 S 17th St, Columbus, OH, 43205
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,699,999
Last Verified:
Sep 03, 2024

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Description

Now available for sale, this portfolio of 10 condo units located at 369 S 17th St presents a lucrative investment opportunity.

The property is 100% occupied, primarily under corporate or agency leases, which ensures a stable tenant base with minimal turnover and yields a 6.38% cap rate.

These well-maintained units require no immediate repairs, and there's an opportunity to retain the current management to ensure a seamless transition and ongoing operational efficiency.

Strategically situated across from Nationwide Children's Hospital, the property benefits from excellent accessibility to Downtown Columbus and major thoroughfares like E Main St, E Livingston Ave, I-70, and I-71. This location not only enhances tenant appeal but also ensures sustained demand.

Additional features include ample parking and great curb appeal, making this property an attractive and hassle-free addition to any real estate portfolio.

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Building Size: 14547sq ft
Lot Size: 0 acres

Map of 369 S 17th St, Columbus, OH, 43205

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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