For Sale
$425,000

486 Hanley St Columbus, OH 43203

Four-unit apartment building, excellent cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
134
This four-unit apartment building, located at 486 Hanley Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1957, the property sits on a 4,356 square foot lot and boasts a desirable location between Ohio State University Hospital and a block from an Amazon in/out patient hub (half a mile away). The asking price is $425,000, translating to $205.91 per square foot. All four units are currently rented, providing immediate cash flow for the new owner. The property's strong rental history and convenient location near major medical facilities and amenities make it an attractive prospect for investors seeking a stable and profitable investment. The property's age suggests potential for future value appreciation through renovations or upgrades. This is a turnkey investment ready to generate income from day one. The property's address is 486 Hanley Street, Columbus, OH 43203. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a thriving Columbus neighborhood.

Highlights

  • $425,000 asking price for this four-unit apartment building.
  • Multifamily property located in Columbus, Ohio.
  • Four units currently rented, providing immediate cash flow.
  • Situated in a prime Columbus location near Ohio State University Hospital and an Amazon hub.
  • 1957 construction on a 4,356 square foot lot.
  • Price per square foot is $205.91.

Property Details for 486 Hanley St

Property type
Apartment buildings, Small apartment buildings
Year Built
1957
Units
4

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.976903
Longitude
-82.9618332

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, excellent cash flow.
Where is the apartment building located?
The property is located at 486 Hanley St Columbus, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: $425,000 asking price for this four-unit apartment building.; Multifamily property located in Columbus, Ohio.; Four units currently rented, providing immediate cash flow.
How can I contact the broker?
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486 Hanley St
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