1805 6Th St Columbus, OH 43207

This exceptional value-add opportunity presents a four-unit multifamily property located at 1805 S 6th St, Columbus, Ohio, 43207. The property, built in 1900 and renovated in 2020, boasts a total of 2,080 square feet across two stories, with each unit featuring one bedroom and one bathroom. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $25,000, translating to an attractive 8.17% cap rate. The asking price is $306,000, representing a price per square foot of $147.12. Individual unit rents are currently below market value, offering significant potential for increased cash flow through rental adjustments. Specifically, unit rents are $750 (plus $60 water), $700 (plus $60 water), $600 (plus $60 water), and $550 (plus $35 water). The property benefits from its location in a rapidly developing area of South Columbus, with a large new apartment complex under construction nearby, promising further appreciation in property value. The property is zoned for multi-family use and presents a compelling investment opportunity for those seeking strong cash flow and future growth potential. This is a Class C property in Franklin County.