Carter Crossings | 798 Carter Dr
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Carter Crossings 798 Carter Dr
36 Unit Apartment Building $4,950,000 ($137,500/Unit) 7.61% Cap Rate Galion, OH 44833
Investment Highlights
- Priced below replacement cost
- Property tax abatement through 2035
- Property sits directly adjacent to Galion High School, Intermediate School, and Primary School (built in 2007)
- Only community built within the past 20 years in submarket
- Walking distance to Avita Health System Galion Hospital
- One hour from Downtown Columbus
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,950,000 | Apartment Style | Garden |
| Price Per Unit | $137,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.37 AC |
| Cap Rate | 7.61% | Building Size | 36,000 SF |
| No. Units | 36 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2020 |
| Price | $4,950,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 7.61% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.37 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,000 | 710 |
| 2+2 | 24 | $1,350 | 1,130 |
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Carter Crossings | 798 Carter Dr
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