For Sale
$565,000

1470 High StColumbus, OH 43207

Four-unit Columbus apartment building with upside.

Overview

Added:
Dec 11, 2024
Days on market:
114
This four-unit apartment building at 1470 S High Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1903, this brick structure sits on a 6,098.4 square foot lot and offers a mix of unit sizes. The building currently boasts 50% occupancy, with two renovated one-bedroom, one-bathroom units renting for $1084 and $1039 per month respectively. These units feature attractive front porches. Additionally, there is one two-bedroom, one-bathroom unit occupied by a long-term tenant at a monthly rent of $950. A second two-bedroom, one-bathroom unit is currently vacant, presenting immediate potential for increased revenue. All upper units have convenient basement access. The property includes a valuable private off-street parking lot located behind the building. The asking price is $565,000, translating to $210.19 per square foot. Importantly, this property benefits from tax abatement, further enhancing its financial appeal. This property is ideally situated just south of downtown Columbus, offering convenient access to the city's amenities and a strong rental market. The combination of updated units, off-street parking, tax abatement, and the potential for increased occupancy makes this a promising investment prospect.

Highlights

  • Four-unit apartment building in Columbus, OH, on a 6,098.4 sq ft lot.
  • 50% occupancy with two renovated 1-bed/1-bath units renting for $1084 and $1039/month, and one occupied 2-bed/1-bath unit at $950/month.
  • One vacant 2-bed/1-bath unit offers immediate upside.
  • Includes private off-street parking.
  • Asking price: $565,000 ($210.19/sq ft), with tax abatement.

Property Details for 1470 High St

Property type
Apartment buildings, Small apartment buildings
Year Built
1903
Units
4

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9320431
Longitude
-82.9956407
1470 High St, Columbus, Ohio

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1470 High St
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