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Private Investor Sells Three Apt. Complexes in Columbus

California-Based Investors Pay $2.63M for 70-Units
February 15, 2018
A private investor sold three multifamily complexes totaling 70 units at 3663 - 3816 Cleveland Ave. in Columbus, OH to private investors based in Pasadena, CA for nearly $2.63 million, or $37,500 per unit.

The transaction included four, three-story and two, two-story, low-rise apartment buildings that comprise one-bedroom units ranging from 712 to 890 square feet. The multifamily complexes are less than one mile from the Northern Lights Shopping Center and delivered between 1960 and 1971.

Seth Asman and Doug Wilson of SVN / Wilson Commercial Group brokered the deal on behalf of the seller.

For more information regarding this transaction, please refer to CoStar COMPS #4121411.
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