3656-3670 Seabrook Avenue

About this property

Seabrook Apartments -- 28 units across two adjacent three-story brick buildings in southeast Columbus, offered at $2,245,000 ($80,179 per unit, $97.44 per SF). The mix is 16 one-bedroom/one-bath and 12 two-bedroom/one-bath flats totaling ±23,040 SF, built in 1971 and currently 96.4% occupied (27 of 28), with on-site surface parking. Ownership has completed the heavy lifting. Electrical panels have been replaced building-wide, all entry doors and concrete landings replaced, one roof replaced in full and the second half-replaced, and the majority of interiors renovated with shaker cabinetry, stone-look countertops, gas ranges, updated baths, and new flooring. Common areas were rebuilt throughout -- flooring, paint, stairwells, lighting, and doors -- with exterior improvements to the parking lot, fencing, and landscaping. Every unit has been submetered for individual water billing, moving more than $10,000 of annual water expense from ownership to residents. A new owner steps into a stabilized, largely renovated asset rather than a construction project, with the remaining upside in moving in-place rents toward market through ordinary turnover. Minutes from the Livingston Avenue and Hamilton Road corridors, with I-70 access and roughly seven miles to downtown Columbus. Offering memorandum available upon execution of a confidentiality agreement.

Highlights

Heating

Forced Air, Oil

Utilities

Water Available, Sewer Available, Natural Gas Available, Electricity Available

Parking Total

28

Lot Size Acres

0.15

Location