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Hamilton Court Apartments 4496 Reinbeau Dr 41 Unit Apartment Building $3,454,902 CAD ($84,266 CAD/Unit) 7.61% Cap Rate Columbus, OH 43232

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EXECUTIVE SUMMARY

Please find attached general information regarding the HAMILTON COURT APARTMENTS. Hamilton Court is a modular, ranch style apartment community built in 1973 by Cardinal Industries. Every apartment is a single story, ranch style with private entry. The interiors require less maintenance mainly because the walls are covered with walltex. The apartments are all electric. The heating and air conditioning source is electric radiant source wall mounted system. Kitchens are equipped with electric range, refrigerator and disposal. The community consists of four contiguous parcels. The apartment mix is as follows:
Apartment Mix General Rent per Month
33 - One Bedroom, One Bath Apartments $675
4 - Studio Apartments $575
3 - Two Bedroom, One Bath Apartments $725
1 - Three Bedroom, One Bath Apartment $795
1- Office/Storage Unit
The Seller has self managed this community for 20+ years. The Seller is planning to retire soon. Buyer are asked to arrange conventional financing as needed for this acquisition.
For further information, please write and I will respond to help as much as possible.

PROPERTY FACTS

Price $3,454,902 CAD
Price Per Unit $84,266 CAD
Sale Type Investment
Cap Rate 7.61%
Gross Rent Multiplier 9.15
No. Units 41
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 2.26 AC
Building Size 26,000 SF
Average Occupancy 95%
No. Stories 1
Year Built 1973

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
180-000419
Land Assessment
$16,890 CAD
Improvements Assessment
$77,097 CAD
Total Assessment
$93,987 CAD
  • Listing ID: 36889104

  • Date on Market: 2023-02-10

  • Last Updated:

  • Address: 4496 Reinbeau Dr, Columbus, OH 43232

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