For Sale
$159,000

466 Weyant AveColumbus, OH 43213

1-Unit Rental Portfolio, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This Columbus, Ohio multifamily investment property, located at 466 S Weyant Ave, offers a compelling opportunity for income-seeking investors. The property consists of a two-story, 1,028 square foot building on a 0.12-acre lot (APN: 010-089243) and includes two buildings. Built in 1950 and extensively renovated in 2023, this Class B property boasts a current 100% occupancy rate, generating a Net Operating Income (NOI) of $14,445. The pro-forma NOI is projected at $17,445, reflecting a potential for increased profitability. The asking price is $159,000, representing a current cap rate of 9.08% and a pro-forma cap rate of 10.97%. The single rental unit currently commands $1,350 in monthly rent, with the existing lease expiring in Summer 2025. This stabilized investment offers a strong cash flow and significant potential for long-term returns. The property is situated in Franklin County, Ohio, with the address being 466 S Weyant Ave, Columbus, OH 43213. Cash offers only.

Highlights

  • Columbus, OH multifamily investment opportunity: 2-building property at 466 S Weyant Ave.
  • 1,028 sq ft building on a 0.12-acre lot (APN: 010-089243).
  • Class B property, built in 1950, extensively renovated in 2023, currently 100% occupied.
  • $159,000 asking price; $14,445 current NOI, $17,445 projected NOI.
  • 9.08% current cap rate, 10.97% pro-forma cap rate.
  • Single unit, $1,350/month rent, lease expiring Summer 2025.

Property Details for 466 Weyant Ave

Property type
Residential income homes
Square Feet
1,028 SF
Class
B
Year Built/Renovated
1950/2023
Buildings
2
Stories
2
Lot Size (sq. ft)
5,227 SF
Units
1

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9627605
Longitude
-82.9074216
466 Weyant Ave, Columbus, Ohio

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466 Weyant Ave
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