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River Birch Apartments 58-78 N Sylvan Ave 36 Unit Apartment Building $3,428,500 CAD ($95,236 CAD/Unit) Columbus, OH 43204
INVESTMENT HIGHLIGHTS
- Price: $2,500,000 / $69,444 per unit
- Average rents are $784 and $850, well below market rates
- Partially renovated, value-add potential
- 32 one-bed and 4 two-bed units
- 97% Occupancy
EXECUTIVE SUMMARY
River Birch Apartments are located on Sylvan Road in the Greater Hilltop
neighborhood in Columbus, Ohio. The complex was built in 1963. It consist of 3
buildings containing a total of 36 spacious apartments. The basements provide
storage units and laundry facilities. The unit mix consists of 32 one-bedroom,
one-bath and 4 two-bedroom, one-bath apartments measuring 600 and 700
square feet respectively.
neighborhood in Columbus, Ohio. The complex was built in 1963. It consist of 3
buildings containing a total of 36 spacious apartments. The basements provide
storage units and laundry facilities. The unit mix consists of 32 one-bedroom,
one-bath and 4 two-bedroom, one-bath apartments measuring 600 and 700
square feet respectively.
PROPERTY FACTS
| Price | $3,428,500 CAD | Building Class | C |
| Price Per Unit | $95,236 CAD | Lot Size | 1.09 AC |
| Sale Type | Investment | Building Size | 28,798 SF |
| No. Units | 36 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Zoning | 402 - Apartments 20 to 39 Family | ||
| Price | $3,428,500 CAD |
| Price Per Unit | $95,236 CAD |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 28,798 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | 402 - Apartments 20 to 39 Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 527 |
| 2+1 | 12 | - | 527 |
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 010-065238 | Improvements Assessment | $380,591 CAD |
| Land Assessment | $55,542 CAD | Total Assessment | $436,133 CAD |
PROPERTY TAXES
Parcel Number
010-065238
Land Assessment
$55,542 CAD
Improvements Assessment
$380,591 CAD
Total Assessment
$436,133 CAD
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River Birch Apartments | 58-78 N Sylvan Ave
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