Income Property Organization Brokers Columbus Sale

Paul McHugh of IPO facilitated the transaction, which involved a $2.7 million acquisition loan held by Perpetual Federal Savings Bank.



Income Property Organization has facilitated the $3.6 million sale of Fitzroy/Walford, a 96-unit community located in the Northland submarket of Columbus. According to Yardi Matrix, AMG Realty Group sold the property to an out-of-state investor.

IPO’s Paul McHugh brokered the transaction, which was subject to a $2.7 million loan held by Perpetual Federal Savings Bank.

Located at 2162-2180 Fitzroy Drive, the community was completed in two phases, in 1972 and 1973. Fitzroy/Walford encompasses two- and three-bedroom units, with floorplans ranging from 1,040 to 1,260 square feet. Common-area amenities include controlled access, a community room, four laundry facilities and 60 parking spaces.

The property is 9 miles north of downtown Columbus, within 4 miles of interstates 71 and 270. Nearby shopping, retail and dining establishments include Global Mall and Fountain Square Shopping Center, both within walking distance of the community.

Recently, Preserve Partners purchased a community in the same area, paying $14.8 million for the 156-unit Enclave at Albany Park.

Image courtesy of Income Property Organization

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