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$ 2,295,000
Est. payment | /mo
6,534 Sqft Lot
$ 2,295,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226033081
Year Built 1960
Annual Tax Amount $19,998
Lot Size 6,534 Sqft
Lot Dimensions 0.15
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Seabrook Apartments -- 28 units across two adjacent three-story brick buildings in southeast Columbus, offered at $2,295,000 ($81,964 per unit, $99.61 per SF).
The mix is 16 one-bedroom/one-bath and 12 two-bedroom/one-bath flats totaling ±23,040 SF, built in 1971 and currently 96.4% occupied (27 of 28), with on-site surface parking.
Ownership has completed the heavy lifting. Electrical panels have been replaced building-wide, all entry doors and concrete landings replaced, one roof replaced in full and the second half-replaced, and the majority of interiors renovated with shaker cabinetry, stone-look countertops, gas ranges, updated baths, and new flooring. Common areas were rebuilt throughout -- flooring, paint, stairwells, lighting, and doors -- with exterior improvements to the parking lot, fencing, and landscaping. Every unit has been submetered for individual water billing, moving more than $10,000 of annual water expense from ownership to residents.
A new owner steps into a stabilized, largely renovated asset rather than a construction project, with the remaining upside in moving in-place rents toward market through ordinary turnover.
Minutes from the Livingston Avenue and Hamilton Road corridors, with I-70 access and roughly seven miles to downtown Columbus.
Offering memorandum available upon execution of a confidentiality agreement.
The mix is 16 one-bedroom/one-bath and 12 two-bedroom/one-bath flats totaling ±23,040 SF, built in 1971 and currently 96.4% occupied (27 of 28), with on-site surface parking.
Ownership has completed the heavy lifting. Electrical panels have been replaced building-wide, all entry doors and concrete landings replaced, one roof replaced in full and the second half-replaced, and the majority of interiors renovated with shaker cabinetry, stone-look countertops, gas ranges, updated baths, and new flooring. Common areas were rebuilt throughout -- flooring, paint, stairwells, lighting, and doors -- with exterior improvements to the parking lot, fencing, and landscaping. Every unit has been submetered for individual water billing, moving more than $10,000 of annual water expense from ownership to residents.
A new owner steps into a stabilized, largely renovated asset rather than a construction project, with the remaining upside in moving in-place rents toward market through ordinary turnover.
Minutes from the Livingston Avenue and Hamilton Road corridors, with I-70 access and roughly seven miles to downtown Columbus.
Offering memorandum available upon execution of a confidentiality agreement.
Location
State OH
County Franklin
Area 0.15
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air, Oil
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-101439
Listed by Daryl Allen Miller Forge Real Estate Advisors
NEARBY SCHOOLS & PROPERTIES
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