Updated Townhome with Great
1225-1227 South Champion Avenue Columbus, OH 43206
1225-1227 South Champion Avenue, Columbus, OH, 43206
$425,000
For Sale
$425,000
Three-bedroom, one-bath townhome featuring updated windows and kitchen.
Property Size2,236 SF
Price / SF$190.07
Days on Market575
Property Features for 1225-1227 South Champion Avenue
General Information
- Standard status
- Active
- Size
- 2,236 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1925
Listing Agency
Myers Real Estate
(614) 554-1671
Listed by
Andrew P Myers · License #2002009785
(614) 554-1671
Source
Compass
Added: Dec 18, 2024 Checked: Jul 16 at 7:02 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myers Real Estate
Investment Insights
Based on property information with market context.
This property features a three-bedroom, one-bath townhome. Noteworthy updates include the windows and kitchen. The property is situated in a location described as great. The property size is 2236 square feet.
Key Highlights
- 3 bedroom townhome
- Updated kitchen: Enjoy modern appliances and finishes.
- Great location
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $13.08 |
| − Vacancy | −$2.0k | −$0.92 |
| EGI | $27.2k | $12.16 |
| − OpEx | −$8.2k | −$3.65 |
| NOI | $19.0k | $8.52 |
2,236 SF · lease $13.08/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.3K
NOI $19,040 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,316 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$466.0K
$407.8K – $543.7K
NOI $32,620 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-bedroom, one-bath townhome featuring updated windows and kitchen.
Where is this duplex located?
The property is located at 1225-1227 South Champion Avenue 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: 3 bedroom townhome; Updated kitchen: Enjoy modern appliances and finishes.; Great location
