Pine Hill TH & Village on Courtright – INCOME PROPERTY ORGANIZATION

0O7A6698

Maple Grove & Cottonwood TH

UNDER CONTRACT

1000 Brooks End Court &
2743 Eakin Rd, Columbus, OH 48204
Property Type: Multifamily
Total Number of Units: 76
Price Per Unit: $94,408
Average Square Feet: 979
Gross Rent Multiplier: 7.65
Debt Service Coverage: 1.21
Cash Flow: $75,723
Year One ROI: 3.52%

Listing Agent: Paul McHugh, J.D.

Location

SUMMARY:

Pine Hill Townhomes represent a charming community in Columbus, consisting of six buildings. The complex contains four one-bedroom, one-bath apartments units and 28 two-bedroom, one-bath townhome units, measuring 712 and 1,038 square feet respectively. Pine Hill was built in 1964 and has been well maintained over the years. It has a strong occupancy of 97%. Average rent is $807 for the one-bedroom and $929 for the two-bedroom units.

Village on Courtright Townhomes are located just 4 miles southwest from Pine Hill. The complex was built in 1980, it consist of six buildings containing a total of 24 spacious one-bedroom, one-bath townhomes. The townhomes measure approximately 693 square feet and the average rent is $805, well below market. Village on Courtright has an occupancy of 96%.

MEET OUR TEAM

Founder | Managing Member, Michigan | Sales Associate, Kentucky

Associate Broker, Michigan | Broker, Illinois

A.J. Beachum, J.D.

Associate Broker, Michigan | Broker, Ohio

Associate Broker, Michigan | Managing Broker, Indiana

Sales Associate, Michigan, Ohio, & Kentucky

Sales Associate, Michigan

Paul McHugh, J.D.

Managing Broker, Kentucky | Associate Broker, Ohio | Sales Associate Michigan

Associate Broker, Michigan | Executive Assistant

Managing Broker, Florida | Broker, Indiana | Sales Associate, Michigan & Ohio

Sales Associate, Michigan & Ohio