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$2,425,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226038790
Year Built 1900
Annual Tax Amount $35,342
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
Fully occupied, 12-unit brick walk-up with 11 detached garage bays in Olde Towne East, minutes from Downtown Columbus. It has undergone significant renovation since 2018, the three-story building offers eleven 2 bed / 2 bath apartments and one 3 bed / 1 bath, with hardwood floors, exposed brick, ceiling fans, and white-cabinet kitchens with stone countertops. Select units add an enclosed sunroom.
The property is 100% occupied. In-place rents average $1,870 with a gross monthly income of $22,915. Only 3 of the 11 garage bays are currently leased, which adds a further income opportunity at $150 per bay.
With substantial capital improvements, strong in-place cash flow, and additional upside through garage leasing, this property presents an attractive opportunity for investors seeking a stabilized multifamily asset in one of Columbus' most desirable urban neighborhoods.
The property is 100% occupied. In-place rents average $1,870 with a gross monthly income of $22,915. Only 3 of the 11 garage bays are currently leased, which adds a further income opportunity at $150 per bay.
With substantial capital improvements, strong in-place cash flow, and additional upside through garage leasing, this property presents an attractive opportunity for investors seeking a stabilized multifamily asset in one of Columbus' most desirable urban neighborhoods.
Location
State OH
County Franklin
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-036405-00
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Listed by Daryl Allen Miller Forge Real Estate Advisors
Nearby Locations
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