Columbus, OH 43232
MLS# 221048201
Status: Closed
Property Description
The Pine Grove Apartments is an 80-unit cardinal style apartment community in Columbus, Ohio, that sits on 5.12 acres. The complex is a short drive to Downtown Columbus making it an ideal location for anyone in the metropolitan area. With easy access to major Interstates like I-270 and I-70, the apartment community provides residents easy access to employment hubs, entertainment, and necessities all around the MSA. The property has been exceptionally well-maintained, which has resulted in high occupancy rates and low turnover with many long-term tenants. New ownership can benefit from limited deferred maintenance and ability to increase current rental rates to be in line with the submarket resulting in increased cash flow growth and overall yield on the asset.
Listing Office: NAI Ohio Equities, Realtors
Listing Agent: Carter Stephens
Last Updated: March - 01 - 2022
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