For Sale
$1,100,000

414 12Th AveColumbus, OH 43201

Five-Unit Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional five-unit apartment building, located at 414 E 12th Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1971 and extensively renovated in 2015, the property boasts a desirable location in the vibrant Ohio State University campus area. The 6,098.4 square foot lot houses a well-maintained building currently operating at 80% occupancy, demonstrating strong historical performance. Each of the five units includes in-unit laundry, a significant amenity for renters. Further enhancing resident appeal are the off-street parking and fenced entryways. The property benefits from gas and electric submetering, simplifying utility management. Tax abatement is in place until April 2027, providing a considerable financial advantage. The current rents offer immediate cash flow, with potential for further increases to market rates without requiring additional renovations. This turnkey property is offered at $1,100,000, representing a price per square foot of $267.77. Serious inquiries only; curb offers are welcome, but please do not disturb the residents.

Highlights

  • $1,100,000 asking price.
  • Five-unit multifamily apartment building.
  • $267.77 price per square foot.
  • 80% occupancy.
  • Built in 1971, renovated in 2015.
  • 6,098.4 square foot lot.

Property Details for 414 12Th Ave

Property type
Apartment buildings, Small apartment buildings
Year Built/Renovated
1971/2015
Units
5

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9965834
Longitude
-82.9959842
414 12Th Ave, Columbus, Ohio

FAQs

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414 12Th Ave
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