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32 Orel Ave Columbus, OH 43204

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For Sale
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12-Unit Apartment Building, 100% Occupancy

Property size:
10,168 SF

Property Features for 32 Orel Ave

General Information

Property type
Multifamily properties
Square Feet
10,168 SF

Building Details

Year Built/Renovated
1968/2018
Buildings
1
Units
12

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Listing Contact
Elton E Davis

Listing Agency: RE/MAX ONE Listing Agent: Elton E Davis

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

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Property Insight Report

Overview

This exceptional 12-unit apartment building, located at 32 Orel Avenue in Columbus, Ohio, presents a compelling investment opportunity. The property, built in 1968 and extensively renovated in 2018, boasts a total of 10,168 square feet situated on an 11,761.2 square foot lot (APN: 010-065477). The two-story structure, constructed of concrete and stucco, features twelve one-bedroom, one-bathroom units arranged around two central hallways. Each unit benefits from updated furnaces, A/C units, and windows, installed within the last five years. Individual utility metering ensures tenants pay their own gas and electric, while the landlord covers quarterly water expenses. An ADT security system enhances tenant safety and peace of mind. Currently operating at 100% occupancy, this property offers immediate cash flow. Five one-car garages are available, presenting additional rental income potential. The property is zoned Commercial 401, and the asking price is $1,300,000 ($127.85 per square foot). This well-maintained, highly profitable property is an ideal addition to any investment portfolio. Its strong rental history and recent upgrades minimize maintenance concerns and maximize return on investment. The convenient Columbus location and high occupancy rate ensure consistent income generation.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

True Painting LLC Painting Service

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
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City
Columbus
County
Franklin
State
Ohio
Longitude
-83.0855013
Latitude
39.955053

FAQs

What type of property is this?
Multifamily property - 12-Unit Apartment Building, 100% Occupancy
Where is this multifamily property located?
The property is located at 32 Orel Ave Columbus, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12-unit apartment building in Columbus, OH, offering immediate cash flow.; 10,168 sq ft building on an 11,761.2 sq ft lot (APN: 010-065477).; Extensively renovated in 2018; all units feature updated HVAC and windows.
(614) 537-7827 Call to check price and availability
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