934 East Gay Street

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934 East Gay Street

Columbus, OH 43203
Asking Price
$4.83M
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Flats On East Gay - 2023 Built - 25 Units - 100% Tax-Abated Through 2039 <ul><li>​<span style="color: rgba(0, 0, 0, 1)">Unique Neo-Colonial Architecture With Modern, Efficient Interiors And Clean Contemporary Finishes</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Submarket Primed For Rent Growth With Inbound Supply Crunch And Downtown Price Convergence</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Tax-Advantaged Cash Flow With 15-Year 100% Tax Abatement Through 203</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Walkable To Neighborhood Retail A

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NOI
$80,000
Cap Rate
1.65%
DSCR
0.28
Underwater
Cash-on-Cash
-14.27%
Monthly Payment
$23,920.942
Annual Cash Flow
$-207,051.303

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