Cambridge Apartments | Value-Add | 66 units | Columbus, OH

3170 Cleveland Ave Columbus, OH 43224

  • 41,464 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

The offering is for Cambridge Apartments, a 66-unit multifamily property located in Columbus, OH. Built in 1967 and renovated in 2013, the apartment building consists of one 2-story building with 41,464 SF of net rentable area. Surface parking is available, 115 spaces (1.74/unit). The unit mix comprises of (52) 1BR/1BA 582 SF units and (14) 2BR/1BA 800 SF units.

The apartment building is ideally located between two of the most trafficked corridors in Columbus, I-270 and I-71. The John Glenn Columbus International Airport neighbors the property and is the largest passenger airport in central Ohio and second busiest in the state after Cleveland Hopkins International Airport. Ohio State University is only a 13-minute drive away attracting recent graduates and employees of the university.

Cambridge Apartments provides investors the opportunity to capitalize on a well-positioned asset in a dynamic market with tremendous growth prospects for the future. From the lively bars and restaurants in Short North, historic German Village, and Columbus’ professional and college sports teams. Columbus is teeming with art, music, theater, museums, entertainment, and culture. Thanks to the sprawling Ohio State University and a prosperous economy for millennials, it is home to a bustling and energetic workplace, creating a young and energetic atmosphere throughout the city.

Area Available: 41,464 Square Feet

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