7270-7292 Broadwyn Dr
Reynoldsburg, OH 43068
Multifamily Property For Sale · 12 Units

Charles Hart Multifamily Group is pleased to present Broadwyn Apartments, a 12-unit apartment community located in Reynoldsburg, Ohio. The property was built in 1974 and is comprised of 1 residential building nestled on 0.70 acres. Broadwyn Apartments provide an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential. Broadwyn Apartments is comprised entirely of spacious two-bedroom, one-bath townhome units with 998 square feet of living space. Each unit is all electric and features a private entrance, a furnished kitchen with updated counter tops, luxury vinyl plank flooring, electric range, refrigerator, dishwasher, disposal, and individually controlled heat and air conditioning. Units also have water/dryer connections, sliding glass door with private patio, and walk-in closets. Broadwyn Apartments is conveniently located in Reynoldsburg and is situated on a quiet wooded lot one block from the highly trafficked East Main Street corridor. This offers prospective tenants’ easy access to shopping, dining, and entertainment and is also less than two miles from both I-270 and I-70 providing easy access to the greater Columbus area. A new owner will immediately benefit from a recent repositioning of the asset. The property will provide strong, immediate cash-flow, but also offers additional upside through improved operations and increased rental rates. Since 2016 more than $220,000 of capital improvements have taken place at the property including a full replacement of the windows. These renovations include vinyl flooring, painting cabinetry, replacing counter tops, bathroom vanities, and fixtures throughout a majority of the units.