53
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$1,950,000
Est. payment /mo
New
1928 Agler Road Columbus, OH 43224
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Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226016606
Year Built 1968
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
Northern Court Apartments presents an exceptional opportunity to acquire a recently renovated, fully occupied 23-unit multifamily asset in the rapidly developing North Linden neighborhood of Columbus, Ohio. Combining immediate in-place cash flow with clear operational upside, this property is ideally suited for investors seeking stable returns, long-term appreciation, and future rent growth in one of Columbus's emerging rental corridors.
The property is comprised entirely of spacious 2-bedroom, 1-bathroom apartment homes, each offering more than 1,000 square feet of living space. These oversized floorplans continue to be highly desirable among tenants seeking affordability without sacrificing comfort and functionality. Approximately 90% of the units have already undergone renovations, significantly reducing near-term capital expenditure requirements for new ownership. Renovated units feature updated interiors and modern finishes designed to attract and retain quality residents.
The remaining units provide a clear and attainable value-add opportunity through light cosmetic improvements and continued rent optimization. Current ownership has established a strong operational foundation, allowing future investors to focus on maximizing revenue growth and improving overall asset performance.
Northern Court is a CMHA-approved property, supporting reliable occupancy and consistent collections while expanding the available tenant pool. The property also benefits from no gas service, helping simplify maintenance responsibilities and utility management. Existing professional property management is already in place, offering a seamless transition for both local and out-of-state investors seeking turnkey ownership.
Investment Highlights:
• Fully occupied 23-unit multifamily community
• Large 2BR / 1BA floorplans exceeding 1,000 SF
• Approximately 90% renovated with major capex completed
• Strong value-add potential through rent growth
• CMHA-approved for stable occupanc
The property is comprised entirely of spacious 2-bedroom, 1-bathroom apartment homes, each offering more than 1,000 square feet of living space. These oversized floorplans continue to be highly desirable among tenants seeking affordability without sacrificing comfort and functionality. Approximately 90% of the units have already undergone renovations, significantly reducing near-term capital expenditure requirements for new ownership. Renovated units feature updated interiors and modern finishes designed to attract and retain quality residents.
The remaining units provide a clear and attainable value-add opportunity through light cosmetic improvements and continued rent optimization. Current ownership has established a strong operational foundation, allowing future investors to focus on maximizing revenue growth and improving overall asset performance.
Northern Court is a CMHA-approved property, supporting reliable occupancy and consistent collections while expanding the available tenant pool. The property also benefits from no gas service, helping simplify maintenance responsibilities and utility management. Existing professional property management is already in place, offering a seamless transition for both local and out-of-state investors seeking turnkey ownership.
Investment Highlights:
• Fully occupied 23-unit multifamily community
• Large 2BR / 1BA floorplans exceeding 1,000 SF
• Approximately 90% renovated with major capex completed
• Strong value-add potential through rent growth
• CMHA-approved for stable occupanc
Location
State OH
County Franklin
Rooms
Other Rooms None
Dining Room No
Interior
Cooling None
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010076511
Listed by John J Harrison Endurance Realty & Investments
NEARBY SCHOOL & BUSINESS
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