Offering Summary
The community offers a clubhouse, fitness center, and pool for its residents. The units of this offering also offer washer and dryer hookups, walk-in closets, a dishwasher, garbage disposal, and refrigerators in each unit. This is a great opportunity for an investor to acquire 4 unts in this community. Individually metered utilities that tenants pay. Tenants are currently are reimbursing owner for water and sewer usage. Professional property management fees are included in the attached underwriting, if you would not utilize professional management, please add another $1,540 to NOI figure.
Submarket Overview
Wellington Woods is located on the East side of Columbus immediately near the I-270 outer belt. The community is convenient to shopping and convenient to I-270 and I-670 roadways.
Submarket Demographics |
| Submarket Population: | 693,983 |
| Renter Occupied Housing: | 46.9% |
| Submarket Trend: |
 Up
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Property Facts |
| Location: | 421-427 Watersway, Columbus, OH |
| Number of Units: | 4 |
| Offering Price: | $190,000 |
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| Net Operating Income: | $15,134 |
| Cap Rate: | 8.78% |
| Building Occupancy: | 100% |
| Year Built: | 02/07/2008 |
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| Unit Mix: |
| Units | Type |
Avg. Rent |
| 1 | 1 Bedroom Regular | $ 479 |
| 1 | 1 Bedroom Regular | $ 459 |
| 2 | 2 Bedroom Regular | $ 545 |
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