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1461-1467 Worthington Dr 4 Unit Apartment Building Offered at $700,000 at a 6.09% Cap Rate Columbus, OH 43235
Investment Highlights
- WORTHINGTON SCHOOLS - Columbus Taxes
- Parking directly behind the building.
Executive Summary
Great investment in Worthington Schools with Columbus Taxes. Four Unit Multi-Family Townhome Building with 2 Bedrooms and 1.5 Baths per unit. 100% Occupancy with upside to increase rents between $150-$200/month to comps in the area. Current Rents: Units 1461, 1463 and 1465 at $1,050/Month and 1467 at $1,099/Month. Tenants pay electric and a flat fee to the owner of $50-$100/month for water and sewer. Property is currently being professionally managed giving the new owner additional upside to self manage. HOA is running low at $442 annually per building. Solid and steady investment to hold onto long-term to build net worth.
Curb Offers Only. Please submit all offers with verifiable proof of funds or a current lender pre-approval letter. Cash offers must include proof of available funds. Interior showings will be permitted after an offer is accepted and the property is under contract preferably during inspection. Financial documentation will be kept confidential.
Curb Offers Only. Please submit all offers with verifiable proof of funds or a current lender pre-approval letter. Cash offers must include proof of available funds. Interior showings will be permitted after an offer is accepted and the property is under contract preferably during inspection. Financial documentation will be kept confidential.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,588
|
$13.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,588
|
$13.46
|
| Taxes |
$7,750
|
$1.91
|
| Operating Expenses |
$4,242
|
$1.05
|
| Total Expenses |
$11,992
|
$2.96
|
| Net Operating Income |
$42,596
|
$10.50
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $54,588 |
| Annual Per SF | $13.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,588 |
| Annual Per SF | $13.46 |
| Taxes | |
|---|---|
| Annual | $7,750 |
| Annual Per SF | $1.91 |
| Operating Expenses | |
|---|---|
| Annual | $4,242 |
| Annual Per SF | $1.05 |
| Total Expenses | |
|---|---|
| Annual | $11,992 |
| Annual Per SF | $2.96 |
| Net Operating Income | |
|---|---|
| Annual | $42,596 |
| Annual Per SF | $10.50 |
Property Facts
| Price | $700,000 | Apartment Style | Townhome |
| Price Per Unit | $175,000 | Building Size | 4,055 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.09% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1981 |
| Property Type | Multifamily |
| Price | $700,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 4,055 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $1,075 | 1,014 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Minimal public transit
10/100
Fairly bikeable
50/100
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1461-1467 Worthington Dr
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