Matthews Logo

Navigation Menu

5420 Lonsdale Pl N, Columbus, OH, 43232

Pine Hill Townhomes
$2,800,000

Key Information

Cap Rate
7.15%
GRM
7
Tot. SF
32,940
$ per unit
$87,500
Units
32
Type
Apartments

Highlights

  • Well-Located Multifamily Asset: The property is a 32-unit apartment community located at 5420 Lonsdale Pl N, offering investors scale and stable in-place cash flow in a well-established residential area.
  • Attractive Unit Mix: The property features a desirable mix of 30 two-bedroom/one-bath units and 2 one-bedroom/one-bath units, appealing to a wide range of renters including small families, roommates, and working professionals.
  • Strong In-Place Income: The property currently achieves an average rent of approximately $902 per unit, providing steady cash flow with demonstrated tenant demand in the submarket.
  • Value-Add Opportunity: Current rents remain below market levels, presenting a clear opportunity for a new owner to increase revenue through unit renovations, operational efficiencies, and natural tenant turnover.
  • Scalable Investment Size: With 32 units under one ownership, the property offers operational efficiency and meaningful economies of scale compared to smaller multifamily assets.
  • Compelling Investment Opportunity: With strong in-place occupancy, below-market rents, and multiple avenues for increasing revenue, the property presents investors with a compelling value-add opportunity with long-term upside.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113