About 3641 Eakin Road
This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $850 a month the return on this portfolio should be north of 9%.
Features of 3641 Eakin Road
| MLS® # | 223025552 |
|---|---|
| Price | $3,200,000 |
| Square Footage | 31,104 |
| Acres | 0.20 |
| Year Built | 1963 |
| Type | Multi-Family |
| Sub-Type | Flat |
| Status | Active |
Community Information
| Address | 3641 Eakin Road |
|---|---|
| Area | None |
| Subdivision | Westgate Terrace |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43204 |
Amenities
| Parking | Common Area |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Window |
| Has Basement | No |
| Fireplace | No |
Exterior
| Construction | Brick |
|---|
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
|---|
Additional Information
| HOA Fees | 0.00 |
|---|
Listing Details
| Office | Bryan C Jarrett (614) 867-7820 of Keller Williams Capital Ptnrs (614) 888-1000 |
|---|