Benefits of Buying
Multifamily Property
Columbus has a diverse and expanding economy that includes healthcare, education, technology and logistics. People of all backgrounds and demographics come to the area for work, education and lifestyle. Investing in multifamily property gives you access to rental income from those individuals. You’ll also enjoy the following perks.
Rent Growth Potential
Ohio’s capital city has presented consistent rent growth alongside other markets. The demand for housing remains consistent, even in high-demand neighborhoods like the Short North and German Village. Rent growth allows you to optimize your ROI and enjoy higher revenue without increasing occupancy.
Rent Growth Potential
Rent Growth Potential
Ohio’s capital city has presented consistent rent growth alongside other markets. The demand for housing remains consistent, even in high-demand neighborhoods like the Short North and German Village. Rent growth allows you to optimize your ROI and enjoy higher revenue without increasing occupancy.
Submarket Diversity
You have a variety of urban and suburban neighborhoods to choose from if you’re looking to invest in a multifamily property. From affluent neighborhoods like Dublin and Upper Arlington to smaller communities like Powell and Reynoldsburg, there remains a high demand for rental housing for individuals and families. Diversifying your investment portfolio across the metropolitan area allows you to balance investment risk and achieve your financial goals.
Submarket Diversity
Submarket Diversity
You have a variety of urban and suburban neighborhoods to choose from if you’re looking to invest in a multifamily property. From affluent neighborhoods like Dublin and Upper Arlington to smaller communities like Powell and Reynoldsburg, there remains a high demand for rental housing for individuals and families. Diversifying your investment portfolio across the metropolitan area allows you to balance investment risk and achieve your financial goals.
Household Formation
Those who move to or already live in Columbus may have families and need more space. Whether they’re looking for an apartment or condo or waiting for a home build, multifamily housing provides them with a feasible solution. There’s also been an increase in renting amongst young professionals and students, further reducing the risk of vacancies.
Household Formation
Household Formation
Those who move to or already live in Columbus may have families and need more space. Whether they’re looking for an apartment or condo or waiting for a home build, multifamily housing provides them with a feasible solution. There’s also been an increase in renting amongst young professionals and students, further reducing the risk of vacancies.
Is Buying Multifamily Space
a Good Investment?
If you’re looking for a commercial property investment with stable returns and consistent demand, then multifamily spaces can expand your portfolio. Columbus, Ohio, isn’t dependent on a single industry, so the city experiences regular growth that’s attractive to professionals, families and students alike. Compared to cities of a similar size, particularly capitals, Columbus offers a relatively affordable cost of living with more accessible entry points for investors.
Frequently Asked
Questions
Whether you’re looking for a quick answer for more extensive insight, we have answers to common questions about commercial real estate brokerage services.
Which Columbus submarkets perform best for multifamily property investments?
Each suburb surrounding Columbus offers unique benefits, but Dublin, New Albany, Grove City and Hilliard present good growth opportunities.
What economic drivers support multifamily property investment in Columbus?
The area is home to major employers, including Abercrombie & Fitch, Bath & Body Works, Worthington Enterprises, American Electric Power and Big Lots. Those companies present expansion and job growth opportunities for the local economy.
What payment and documentation are typically required for multifamily space investment?
A 20-30% downpayment is often required. You’ll also need strong financial documentation to showcase your debt service coverage ratio.
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