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    64-70 Greenwood Ave Columbus, OH 43201

    Sponsored
    For Sale
    $1,150,000

    Four-unit investment opportunity in Columbus, OH

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-unit brick townhome property, located at 64-70 W Greenwood Avenue in Columbus, Ohio's desirable Short North area, presents a compelling investment opportunity. Built in 1900, this property sits on an 8,712 square foot lot and is offered at $1,150,000 ($172.93 per square foot). Each of the four units boasts two bedrooms and one and a half bathrooms, featuring modern amenities including stainless steel appliances and central air conditioning. Three out of the four units have been recently updated, showcasing granite countertops, new cabinets, renovated bathrooms, and dishwashers. All units include hardwood floors, full basements, off-street parking, and a private fenced-in yard with a front porch. Currently, rental income is significantly below market value, presenting a substantial opportunity for increased profitability. This property is ideal for an owner-occupant, investor, or short-term rental manager seeking a high-return investment in a prime Columbus location. The property's excellent condition and desirable location make it a rare find in the competitive Columbus real estate market. All units are currently occupied and photos are available. This is a turnkey opportunity to acquire a well-maintained multifamily property with significant upside potential.

    Property Features for 64-70 Greenwood Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1900
    Units
    4

    HighLights

    • $1,150,000 asking price.
    • Four‑unit multifamily apartment building.
    • $172.93 price per square foot.
    • Located in the Short North area of Columbus, Ohio.
    • Built in 1900, situated on an 8,712 sq ft lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    Franklin
    State
    Ohio
    Longitude
    -83.0072878
    Latitude
    39.9865241

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit investment opportunity in Columbus, OH
    Where is this multifamily property located?
    The property is located at 64-70 Greenwood Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: $1,150,000 asking price.; Four-unit multifamily apartment building.; $172.93 price per square foot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    64-70 Greenwood Ave Columbus, OH 43201
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