For Sale
$1,300,000

32 Orel AveColumbus, OH 43204

12-Unit Apartment Building, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12-unit apartment building, located at 32 Orel Avenue in Columbus, Ohio, presents a compelling investment opportunity. The property, built in 1968 and extensively renovated in 2018, boasts a total of 10,168 square feet situated on an 11,761.2 square foot lot (APN: 010-065477). The two-story structure, constructed of concrete and stucco, features twelve one-bedroom, one-bathroom units arranged around two central hallways. Each unit benefits from updated furnaces, A/C units, and windows, installed within the last five years. Individual utility metering ensures tenants pay their own gas and electric, while the landlord covers quarterly water expenses. An ADT security system enhances tenant safety and peace of mind. Currently operating at 100% occupancy, this property offers immediate cash flow. Five one-car garages are available, presenting additional rental income potential. The property is zoned Commercial 401, and the asking price is $1,300,000 ($127.85 per square foot). This well-maintained, highly profitable property is an ideal addition to any investment portfolio. Its strong rental history and recent upgrades minimize maintenance concerns and maximize return on investment. The convenient Columbus location and high occupancy rate ensure consistent income generation.

Highlights

  • 12-unit apartment building in Columbus, OH, offering immediate cash flow.
  • 10,168 sq ft building on an 11,761.2 sq ft lot (APN: 010-065477).
  • Extensively renovated in 2018; all units feature updated HVAC and windows.
  • 100% occupancy with individual utility metering (tenant pays gas/electric, landlord pays water).
  • Five one-car garages available for additional income; ADT security system installed.
  • Commercial 401 zoning; asking price $1,300,000 ($127.85/sq ft).

Property Details for 32 Orel Ave

Property type
Apartment buildings, Small apartment buildings
Square Feet
10,168 SF
Year Built/Renovated
1968/2018
Buildings
1
Units
12

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.955053
Longitude
-83.0855013
32 Orel Ave, Columbus, Ohio

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32 Orel Ave
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