595 E Broad Street

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595 E Broad Street

Columbus, OH 43215
Asking Price
$3.00M
Asset Type
Multifamily
Class
Class B

What's Special

595 E Broad Street is situated in the Discovery District of downtown Columbus, a neighborhood characterized by institutional landmarks and urban density. The property is positioned near the Columbus College of Art and Design, Columbus State Community College, and the Columbus Museum of Art. Local amenities include the Main Library and the Topiary Park, both located within walking distance. Transit access is facilitated by the property’s frontage on a major east-west thoroughfare, providing proximity to central business district offices and immediate access to the I-71 and I-670 interchange. This location is suited for multifamily redevelopment or continued residential use catering to an urban demographic. The proximity to higher education institutions makes the site viable for student housing or faculty residences. Additionally, the central location serves young professionals seeking shortened commutes to downtown employment hubs. The surrounding infrastructure supports high-density residency, benefiting from the neighborhood’s mix of educational, cultural, and commercial entities. Typical tenants include students, academic staff, and medical professionals working within the nearby hospital systems.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

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