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The Broad 595 E Broad St 18 Unit Apartment Building $4,532,734 CAD ($251,819 CAD/Unit) 5.25% Cap Rate Columbus, OH 43215
Investment Highlights
- Fully Renovated Unit Interiors - The property offers a complete set of upgraded units, with every apartment renovated to modern standards
- Seller Financing Opportunity - For qualified purchasers, Seller is willing to carryback financing and is open to flexible terms
- Economic Tailwinds
- Existing 12-Year Tax Abatement
- Location & Strong Market Fundamentals
Executive Summary
This fully renovated multifamily asset offers turnkey stability with modernized units that support premium rents, strong leasing velocity, and minimal near-term capital needs. This asset is unique in that it's historically proven to support multiple business plans to include short term, mid-term and conventional revenue models. A 12-year tax abatement enacted in 2023 sharply reduces operating expenses and enhances cash flow throughout the hold period.
For qualified purchasers, Seller is offering carryback financing with flexible terms, creating a more efficient capital structure and lowering the required equity at closing.
This location, given its proximity to both the Broad St Corridor and Parsons Ave Corridor capital improvement plans, further supports stability of location and long-term growth projections.
For qualified purchasers, Seller is offering carryback financing with flexible terms, creating a more efficient capital structure and lowering the required equity at closing.
This location, given its proximity to both the Broad St Corridor and Parsons Ave Corridor capital improvement plans, further supports stability of location and long-term growth projections.
Property Facts
| Price | $4,532,734 CAD | Building Class | C |
| Price Per Unit | $251,819 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 9,672 SF |
| Cap Rate | 5.25% | Average Occupancy | 85% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | DD | ||
| Price | $4,532,734 CAD |
| Price Per Unit | $251,819 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,672 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | DD |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Microwave
- Granite Countertops
- Oven
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Furnished Units Available
- Smoke Free
- Lounge
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 340 |
| 1+1 | 17 | - | 420 - 430 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 010-000121 | Improvements Assessment | $1,205,270 CAD |
| Land Assessment | $190,217 CAD | Total Assessment | $1,395,487 CAD |
Property Taxes
Parcel Number
010-000121
Land Assessment
$190,217 CAD
Improvements Assessment
$1,205,270 CAD
Total Assessment
$1,395,487 CAD
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The Broad | 595 E Broad St
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