Current Use by Public Records
- Apartment buildings
Property Details for 1204 Oak St
- Year built
- 2023
- Lot size
- 0.20 lot acres
- Property type
- Apartment buildings
Description
This exceptional 2023-built, ten-unit apartment building presents a compelling investment opportunity in Columbus, Ohio's revitalized Olde Towne East neighborhood. Boasting 7,578 square feet on a 0.2-acre lot, this two-story Class B property offers a 6.00% cap rate and an asking price of $2,750,000. Each of the ten units features modern, high-end kitchens, in-unit laundry, and contemporary finishes, catering to today's discerning renters. The property benefits from its prime location near Downtown Columbus, providing easy access to major highways, public transportation, shops, restaurants, and cultural attractions. The surrounding area is experiencing significant redevelopment, driving property values and attracting a strong tenant pool. The proximity to parks and green spaces further enhances the desirability of this property for families and professionals, ensuring consistent occupancy and strong rental income. The property's tax abatement status provides additional financial advantages for the investor. This is a turnkey investment in a rapidly growing area, offering a blend of modern amenities and a desirable urban location. The property's APN is 010-051804-00 and is located at 1204 Oak St, Columbus, OH 43205.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9671
- Latitude
- 39.9626
