Multi-Unit Properties for Sale Columbus, Ohio


In case you weren’t aware, multi-unit properties for sale in Columbus, Ohio has been growing at an exponential rate. Specifically, the apartment building inhabitants have been increasing heavily. From 2000-2016 there were $6.5B dollars invested in multifamily unit construction projects. This accelerating rate can be attributed to an increase in investment funds being spent on multi-family unit homes for sale. This developmental boom accounted for an exact growth rate of 17% from 13.6% to 30.6% over that twenty-year span.

The Mid-Ohio Regional Planning Commission (MORPC) has estimated future growth for multifamily properties for sale within Columbus, Ohio. Due to the stable economy, growing population and rent growth abundance of young tenants the Columbus’ metropolitan area could rise to as many as 1M people, 300,000 housing units, and 120,000 jobs by 2050.

There are several reasons why it would be wise to invest in multi-unit homes for sale in Columbus, Ohio:
    The upward trajectory of vacancy rates
    Opportunity to improve complexes and bump rent rates
    An opportune time to add value
    Interest from out of state buyers
    Lower risk easier to obtain financing
    Buying in bulk and only going through the process once as opposed to each home individually
    Smaller cost per unit shared amenities and features
    Better ability to update and increase value and property management
    Well maintained, attract and retain tenants fill vacancies quickly
    Communal spaces, laundry rooms, security cameras to positively impact tenants
    Invest a relatively smaller amount of money to increase the satisfaction of multiple tenants while growing the overall value of your property
    Easier to maintain a property at a high standard and build equity

The level of multifamily development in Columbus leads the state of Ohio, and much of the Midwest, outpacing Cincinnati ($3 Billion), Cleveland ($990 Million), Detroit ($3.5 Billion), Pittsburgh ($2 Billion), Indianapolis ($4.9 Billion) and Louisville ($2.2 Billion). For more contact us.

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