1281 Sullivant Ave Columbus, OH 43223
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1281 Sullivant Ave
- Year built
- 1930
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a four-unit apartment building located at 1281 Sullivant Avenue, Columbus, Ohio, 43223. The property, built in 1930, sits on a 3,920.4 square foot lot and is priced at $400,000, translating to $144.51 per square foot. The building consists of two structures, each containing two units. Each unit offers two bedrooms and one full bathroom, providing comfortable living spaces. Currently, one building is fully occupied, generating immediate rental income, while the second building is vacant and used for storage, presenting a significant upside potential for increased revenue. The property's convenient location in Columbus offers easy access to local amenities and transportation networks, making it an attractive option for tenants. This multifamily property is ideal for investors seeking to expand their portfolio or first-time buyers looking to enter the rental market. The property's strong rental history and potential for future growth make it a compelling investment prospect. The vacant building offers the opportunity for immediate renovation and rental income generation. This is a rare chance to acquire a well-located, multi-unit property in a thriving Columbus neighborhood.
Value Estimation
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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
- -83.0333776
- Latitude
- 39.9508425
