Investments starting at 4 units – up to 148!

A 148-unit complex located on the east side of Columbus, Ohio. New construction completed fourth quarter 2008. Just minutes from interstates 270, 70 and 71, downtown Columbus, U.S. Army’s Defense Construction Supply Center, Port Columbus International Airport, Mount Carmel Hospital East, and Easton shopping and entertainment district. Community offers clubhouse with 24-hour fitness center and resort-style swimming pool. Adjacent to Big Walnut Creek, a protected waterway.

View Edgewater Place Brochure (pdf)

Location

Property Summary:

The Residences at Edgewater Place
215 Prairiecreek Way, Columbus, Ohio 43213
1/2 mile N. of E. Broad on Cardinal Park Drive
Parcel Number: 010-213520
Managed by Ardent Communities

Location Highlights:

• Minutes from major employers including Defense Construction Supply Center, Ohio State University, State of Ohio, Franklin County offices, Mount Carmel Health Systems and Nationwide Insurance
• Close proximity to city services, Columbus City Parks and Franklin County Metro Parks; a branch of Columbus Metropolitan Library – rated the best library system in the U.S., and large shopping areas
• Three minutes to I-270 beltway
• On a quiet road backing to a large tree-lined creek
• City of Columbus was named the 9th "Most Affordable City Where You Can Live Well" by Forbes Magazine

Site Description

Number of Units: 148
Number of Buildings: 8
Number of Stories: 2 & 3 Stories
Year Built: 2008
Lot Size: 9.753 Acres
Density: 15.17 Units/Acre
Zoning: LAR-12
Parking: 37 Garages + 236 Surface Parking
Parking Ratio: 1.8 per unit

Construction

Foundation Cement Block/Slab on Grade
Framing Wood Stud
Exterior Brick and Vinyl Siding
Roof Asphalt Shingles
Parking Surface Asphalt and Concrete

Unit Description

All-electric units have living room, kitchen, walk-in closet, washer/dryer connection, and mini-blinds.
Kitchen appliances: refrigerator, range, dishwasher, disposal.

Utilities

Water Paid by Occupant: Columbus & Central Ohio Systems
Electric Paid by Occupant: American Power & Light
Phone: AT&T

Mechanical

HVAC Independent Forced Air Units
Fire Protection Smoke Detector / Fire Extinguishers

Schools

School District: Columbus Public Schools
Elementary: Woodcrest or Olde Orchard Alternative
Middle School: Yorktown
High School: Walnut Ridge

Pricing Summary

Number of Units: 148
Average Price/Unit: $62,371
Price/sq ft: $66.01
Cap Rate - Pro Forma 8.18%

Price per Unit
One Bedroom $56,500
One Bedroom-Premier $59,250
Two Bedroom $62,000
Two Bedroom-Premier $64,500
Note: Premier units have patio or balcony

Floor Plan	Beds	Baths	Sq. Ft.
VISTA A	1	1	916-941
VISTA B	2	2	1,022-1,147
BREEZEWAY A	1	1	679
BREEZEWAY B	2	1	933
BREEZEWAY C	2	2	933

VISTA A