1699-1759 Lonsdale Rd
Columbus, OH 43232
Pine Hill Townhomes · Immeuble residentiel Propriété À vendre · 32 Unités

Pine Hill Townhomes presents a compelling opportunity to acquire a well-located 32-unit multifamily asset offering stable in-place income with significant value-add potential. The property features an attractive unit mix of 30 two-bedroom/one-bath units and 2 one-bedroom/one-bath units, a layout that appeals to a broad renter base including small families, roommates, and working professionals. Currently averaging approximately $902 per unit in monthly rent, the property provides consistent cash flow supported by strong tenant demand in the submarket. While the asset has been maintained and remains operationally stable, portions of the property would benefit from cosmetic updates and general improvements, presenting an attractive opportunity for a new owner to implement renovations, enhance operations, and capitalize on below-market rents. With 32 units under one ownership, the property offers operational scale and efficiency rarely found in smaller multifamily investments. Overall, the asset presents investors with a strong foundation of existing income combined with the ability to unlock additional value through thoughtful improvements and repositioning.