For Sale
$3,500,000

2601-2609 Charing RdUpper Arlington, OH 43221

Ten-unit apartment complex, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional 10-unit apartment complex, situated at 2601-2609 Charing Road in Upper Arlington, Ohio, presents a compelling investment opportunity. Priced at $3,500,000, this multifamily property boasts approximately 12,000 square feet on a 65,340 square foot lot. Built in 1951, the complex comprises a mix of five three-bedroom townhomes and five two-bedroom flats, offering a diverse rental portfolio. Twelve garages and additional off-street parking are included. Nine of the ten units have undergone recent renovations, featuring updated amenities such as hardwood floors, LED lighting, granite countertops, stainless steel appliances, and private balconies. One unit is currently leased as an office to an established tenant. The property's prime location in Upper Arlington, adjacent to the Scioto Country Club and near Lane Avenue's vibrant shops and restaurants, The Ohio State University, and downtown Columbus, ensures strong rental demand and potential for appreciation. This turnkey asset is ideal for investors seeking a high-quality multifamily property in a highly desirable area, potentially suitable for a 1031 exchange. The price per square foot is $298.69. The property's zip code is 43221, located in Franklin County.

Highlights

  • $3,500,000 asking price for a 10-unit apartment building.
  • Multifamily property in Upper Arlington, Ohio.
  • 12,000 square feet on a 65,340 square foot lot, with a price per square foot of $298.69.
  • Built in 1951, featuring a mix of five 3-bedroom townhomes and five 2-bedroom flats, plus 12 garages and additional parking.
  • Nine units recently renovated with hardwood floors, LED lighting, granite countertops, and stainless steel appliances; one unit leased as an office.

Property Details for 2601-2609 Charing Rd

Property type
Apartment buildings, Small apartment buildings
Year Built
1951
Units
10

Location Insight

City
Upper Arlington
County
Franklin
State
Ohio
Latitude
40.0069345
Longitude
-83.0825309
2601-2609 Charing Rd, Upper Arlington, Ohio

FAQs

What type of property is this?
Apartment building - Ten-unit apartment complex, prime location.
Where is the apartment building located?
The property is located at 2601-2609 Charing Rd Upper Arlington, OH.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: $3,500,000 asking price for a 10-unit apartment building.; Multifamily property in Upper Arlington, Ohio.; 12,000 square feet on a 65,340 square foot lot, with a price per square foot of $298.69.
How can I contact the broker?
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2601-2609 Charing Rd
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