Kramer Place - Columbus, OH
Kramer Place is a 46-unit, Class A apartment/condominium residence with retail located in the vibrant Short North/Italian Village neighborhood of Columbus, OH.
Delivered originally in 2008 as condominium units, the filing was originally postponed and units have been leased as over-improved rentals. After lifting existing rents to market rates (currently 10-20% below) with minor unit renovation, the strong performance of the local for-sale housing environment has accelerated conversion to condominium sale, as originally designed.
Selectively removing rental units from rental pool to renovate for sale. Upgrading include new wooden floors, new countertops, new appliances and finishes. Expect 18-24 month sales period.