369 17Th St Columbus, OH 43205
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 369 17Th St
- Property type
- Apartment buildings
Description
This exceptional 10-unit Class A apartment building in Columbus, Ohio, presents a compelling investment opportunity. Located at 369 S 17th St, this property boasts 100% occupancy, primarily with corporate and agency leases, ensuring a stable and consistent income stream. The building, comprised of two, two-story structures, underwent complete renovations in 2023, eliminating the need for immediate repairs. The strong tenant base and minimal turnover contribute to a healthy 7.21% cap rate and a substantial net operating income (NOI) of $180,170. Each of the ten units is priced at $249,999.90, resulting in a total asking price of $2,499,999. The property's strategic location across from Nationwide Children's Hospital provides excellent access to Downtown Columbus and major highways (I-70 and I-71), ensuring high demand and tenant appeal. Ample parking and attractive curb appeal further enhance the property's desirability. This turnkey investment offers a seamless transition for new ownership, with the option to retain current management. The seller is open to considering various financing options. This is a rare opportunity to acquire a high-performing, well-maintained multifamily property in a prime Columbus location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9777
- Latitude
- 39.9567
