1212 Summit St Columbus, OH 43201
This exceptional two-unit apartment building, located at 1212 Summit Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1900, this Class B property boasts a desirable location on the border of Italian Village and Weinland Park, just one block from the park and two blocks from High Street. The property sits on a 4,791.6 square foot lot and is currently 50% occupied. The asking price is $514,000, translating to $193.45 per square foot. Significant updates have been completed within the last eight years, enhancing both units' appeal and functionality. These improvements include two completely renovated kitchens, first-floor laundry facilities in each unit, a new roof installed in 2015, two new water heaters (one in 2020 and another in 2023), replacement windows throughout, two new air conditioning units, and recently redone back porches (2024). Bathrooms in both units have also been updated. One unit features three bedrooms and two bathrooms, including a third-floor suite, while the other offers two bedrooms and one bathroom. The property provides added value with fenced-in side yards for privacy and ample off-street parking, a rare find in this sought-after neighborhood. This duplex offers a blend of historical charm and modern updates, making it an attractive prospect for both investors and owner-occupants. The property's strong location and recent renovations position it for immediate rental income and potential appreciation.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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