Multifamily
Bear Pointe
3301 Bear Pointe Cir, Powell, OH 43065
Listing Price: Request For Offer
Number of Units
80
Occupancy
93.0%
Gross SF
67,520
Investment Overview
Marcus & Millichap is pleased to present Bear Pointe, an 80 unit apartment community in Powell, Ohio.
Bear Pointe
Investment Highlights
- Owned and Third-Party Managed by Out-of-State Family Since 2006
- Significant Value-Add Opportunity via Unit and Amenity Upgrade Program; Over $470 Potential Rent Premium (Over $430,000 Total Annual Revenue Growth)
- In-Place Non-Renovated Units are Over $200 Below Direct Competitors (Over $140,000 in Organic Loss-to-Lease)
- Within the Highly-Rated Olentangy School District (#12 Out of 607 in State of Ohio and #4 Out of 68 in Columbus MSA)
- All "Classic" Two-Bedroom Units with Open Floor Plans and Full-Size Washer/Dryer Connections
Listing Price: Request For Offer
Number of Units
80
Occupancy
93.0%
Gross SF
67,520
Investment Highlights
- Owned and Third-Party Managed by Out-of-State Family Since 2006
- Significant Value-Add Opportunity via Unit and Amenity Upgrade Program; Over $470 Potential Rent Premium (Over $430,000 Total Annual Revenue Growth)
- In-Place Non-Renovated Units are Over $200 Below Direct Competitors (Over $140,000 in Organic Loss-to-Lease)
- Within the Highly-Rated Olentangy School District (#12 Out of 607 in State of Ohio and #4 Out of 68 in Columbus MSA)
- All "Classic" Two-Bedroom Units with Open Floor Plans and Full-Size Washer/Dryer Connections
Investment Overview
Marcus & Millichap is pleased to present Bear Pointe, an 80 unit apartment community in Powell, Ohio.
