Large multi-family LIHTC portfolio with several investment strategies. This portfolio comprises 21 properties and 48 units scattered in strategic locations throughout Columbus, Ohio. With a collective list price of $9,750,000, these tax abated properties through 2027-2028 encompass a diverse range, including sixteen duplexes, a 4-plex, 9-plex and three single family homes. The LIHTC can be renewed or left expired to increase income to market rents (see attached future pro forma). Positioned in well-established neighborhoods King-Lincoln Bronzeville, Olde Towne East, Southern Orchards, and Weiland Park these prime locations offer proximity to essential amenities and educational institutions.
The portfolio’s strength lies in its strategic mix of unit types, providing investors with the flexibility to diversify their real estate holdings. At a market valuation of $203,000 per unit the properties offer an attractive entry point into the market, aligning with current trends and allowing room for potential appreciation. With a total of 48 units, this portfolio is poised to tap into the robust rental market, catering to various tenant demographics.
Columbus, Ohio, is the fast growing city in the U.S. renowned for its economic growth and urban development, serving as the backdrop for this investment opportunity. The portfolio strategically aligns with the city’s upward trajectory, presenting a promising avenue for both seasoned and novice investors. Meticulously chosen based on investment potential, historical performance, and future growth prospects, each property within this portfolio contributes to a well-rounded and resilient investment strategy. For those seeking a comprehensive real estate investment in Columbus, Ohio, this portfolio of 21 properties stands as a testament to strategic positioning, diversification, and growth potential in one of the nation’s thriving markets.
21 properties
48 units
LIHTC
Tax abated through 2027-2028
20/21 properties in qualified Opportunity Zones
Central location in gentrified areas
Eligible for 10% of purchase price state tax credit
Close proximity to hospitals, freeways, urban core
Value add opportunity to increase rents to over $1.1M