160-2-4 Sylvan AveColumbus, OH 43204

Property Details for 160-2-4 Sylvan Ave

Year built

1962

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit apartment building, located at 160-2-4 N Sylvan Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1962 and extensively renovated in 2023, this property boasts a solid cinder block construction and ample parking. The building currently enjoys a 92% occupancy rate, with market rents averaging $800 per unit. Situated on a 5,662.8 square foot lot in the desirable Westside neighborhood (zip code 43204), this property offers significant potential for strong rental income and future appreciation. The property's recent renovation ensures modern amenities and reduced maintenance costs, making it an attractive option for both seasoned investors and those new to the multifamily market. The building's strong performance and prime location combine to create a stable and potentially lucrative investment. Note that this property can be sold in conjunction with a separate two-family home located at 162-164 N Sylvan Avenue. This presents a unique opportunity to acquire a larger portfolio of income-generating properties in a single transaction. The asking price for this 12-unit building is $925,000. Detailed financial information is available upon request.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9576

Longitude

-83.0868

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