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Carter Crossings 798 Carter Dr

36 Unit Apartment Building $7,016,476 CAD ($194,902 CAD/Unit) 7.61% Cap Rate Galion, OH 44833

Investment Highlights

  • Priced below replacement cost
  • Property tax abatement through 2035
  • Property sits directly adjacent to Galion High School, Intermediate School, and Primary School (built in 2007)
  • Only community built within the past 20 years in submarket
  • Walking distance to Avita Health System Galion Hospital
  • One hour from Downtown Columbus

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $7,016,476 CAD
Price Per Unit $194,902 CAD
Sale Type Investment
Cap Rate 7.61%
No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 3.37 AC
Building Size 36,000 SF
Average Occupancy 97%
No. Stories 3
Year Built 2020

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 12 $1,417 CAD 710
2+2 24 $1,914 CAD 1,130
  • Listing ID: 32286403

  • Date on Market: 2024-06-28

  • Last Updated:

  • Address: 798 Carter Dr, Galion, OH 44833

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