369 17Th StColumbus, OH 43205

Property Details for 369 17Th St

Year built

1920

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional 10-unit apartment building, located at 369 S 17th Street in Columbus, Ohio, presents a compelling investment opportunity. Priced at $2,499,999, this property boasts a strong 7.2% cap rate and is currently 100% occupied, primarily with corporate or agency leases, ensuring a stable and consistent income stream. Built in 1920, the property offers well-maintained units requiring no immediate repairs, minimizing upfront capital expenditures. The convenient location directly across from Nationwide Children's Hospital provides a highly desirable tenant pool and strong rental demand. The seller is open to considering various financing options, including creative financing structures. The property's current management team is available to ensure a smooth transition for the new owner, maintaining operational efficiency and minimizing disruption. This is a rare opportunity to acquire a stable, high-performing multifamily asset in a prime Columbus location. The property features a price per square foot of $171.86. The lot size is not specified. This is a duplex/triplex/quadruplex style apartment building.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.957

Longitude

-82.9779

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