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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