3656-3670 Seabrook Avenue, Columbus, Ohio, United States, 43227
2,245,000
for Sale
6,534
About the property:
Seabrook Apartments -- 28 units across two adjacent three-story brick buildings in southeast Columbus, offered at $2,245,000 ($80,179 per unit, $97.44 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.
- Property Type:
- Apartment
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.15
- Cross Street:
- E Livingston Avenue
- Is Building:
- Yes
- Is Landscaping:
- Yes
- Is Market:
- Yes
- Is Mix:
- Yes
- Is Other:
- Yes
- Is Parking:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 19,998
- Listing ID:
- 226033081
Rooms
Dimensions
Brokered by:
Forge Real Estate Advisors
Presented By:
Presented By: