28 units total, 7 buildings ( 4 units in each) 328-360 S Napoleon Ave. All units 2 bedroom 1 bath. Individuallymetered for water and electricity. Washer and dryer hook ups in all. Frame structure with brick wall. Shingled pitch roof withsteel stairs and concrete rear porches. 800 +/- sq foot per unit, property sits on 280"X220"+/- acres.Upgrades to the interior and exterior of buildings. 82% occupied with increasing rents and a professional Management Company. Growing area with new retail commercial developments within a 1 mile radius of site.Property is located in the East side Columbus, OH. This sub market has aPro forma analysis increased all rents to $495.00 and added an 10% vacancy factor.Actual Income figures from the March 2011 Operating statement, annualized.Expense percentages taken from the 2011 YTD Operating statement , excluding capital improvements done to the property.Capital improvements completed in 2007 +/- $ 45,000.
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