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Hamilton Court Apartments 4496 Reinbeau Dr 41 Unit Apartment Building $3,592,855 CAD ($87,631 CAD/Unit) 7.26% Cap Rate Columbus, OH 43232
Investment Highlights
- Ranch Style Private Entry. Patio.
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.
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 | $3,592,855 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $87,631 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.26 AC |
| Cap Rate | 7.26% | Building Size | 26,000 SF |
| Gross Rent Multiplier | 9.15 | Average Occupancy | 95% |
| No. Units | 41 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment |
| Price | $3,592,855 CAD |
| Price Per Unit | $87,631 CAD |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| 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 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
- Built-In Bookshelves
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 288 |
| 1+1 | 33 | - | 576 |
| 2+1 | 3 | - | 864 |
| 3+1 | 1 | - | 1,152 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 180-000419 | Improvements Assessment | $75,651 CAD |
| Land Assessment | $16,573 CAD | Total Assessment | $92,224 CAD |
Property Taxes
Parcel Number
180-000419
Land Assessment
$16,573 CAD
Improvements Assessment
$75,651 CAD
Total Assessment
$92,224 CAD
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Thomas Fortin and Company - Kenny Road Apartments
Hamilton Court Apartments | 4496 Reinbeau Dr
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