2208 Arlington AveColumbus, OH 43221

  • Residential income properties
  • 0.47 AC
For Sale

Property Details for 2208 Arlington Ave

Year built
1928
Lot size
0.47 AC
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional 9-unit apartment building, located at 2208 Arlington Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1928 and extensively renovated in 2023, this fee-simple property boasts 13,152 square feet of net rentable space across three stories. Situated on a 0.47-acre lot, the property is zoned for commercial use and features a desirable unit mix of one- and three-bedroom apartments, catering to a broad range of tenants. The building's strong occupancy rates and consistent cash flow are further enhanced by the potential for rent growth in this thriving submarket. An assumable loan with a 3.75% interest rate (variable rate adjusting in 2026) and a maturity date in 2031 is available, offering significant cost savings and enhanced cash flow for the buyer. Recent capital improvements minimize near-term capital expenditure requirements, making this a turnkey asset with minimal operational risk. The property's location in a desirable area with high-income demographics and strong rental demand ensures long-term investment stability and potential for value appreciation. The property's APN is 070-0014511-00. This is a stabilized multifamily investment ideal for adding to a diversified real estate portfolio.

2208 Arlington Ave, Columbus, Ohio

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0013
Longitude
-83.0633

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