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1084-1086 E Hudson St Columbus, OH 43211

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For Sale
$850,000

Mixed-use property with residential units and retail space.

Property size:
8,953 SF

Property Features for 1084-1086 E Hudson St

General Information

Size
8,953 SF

Building Details

Year built
1940

Source: Bastian Gehrer Agent Bastian Gehrer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Investment Opportunity

This mixed-use property features 13 residential units and a street-level retail space. The property is positioned in North Linden, a central Columbus neighborhood providing access to I-71, OSU, Clintonville, and Downtown. Situated along the E Hudson corridor, the location benefits from traffic and visibility. The retail tenant contributes $25,000 annually. The unit mix includes 12 one-bedroom, one-bathroom units and 1 two-bedroom, one-bathroom unit, in addition to the retail suite. The property is positioned as an affordable housing submarket adjacent to more expensive rental corridors. The property size is 8,953 square feet. Market rents in the area average over $1,200 per unit. The retail tenant provides income during the renovation period. The property supports a 9.16% pro forma cap rate. The location on E Hudson St provides access to I-71, Clintonville, and OSU.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Columbus
County
Delaware
State
Ohio
Longitude
-82.9808485
Latitude
40.0145936

FAQs

What type of property is this?
Apartment building - Mixed-use property with residential units and retail space.
Where is this apartment building located?
The property is located at 1084-1086 E Hudson St Columbus, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Significant rent growth opportunity: Market rents average $1,200+/unit compared to the current $700/unit.; - Below-market entry basis at $82k/unit.; - High pro forma cap rate: 9.16% at the asking price.
More about this property
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