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: