1656 Livingston Ave Columbus, OH 43205
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 1656 Livingston Ave
- Year built
- 1958
- Property type
- Small apartment buildings
Description
This 11-unit apartment building at 1656 E Livingston Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1958 and extensively renovated in 2022, the property boasts a mix of one-, two- and three-bedroom units. The unit breakdown includes one 2-bedroom/2-bathroom unit, six 2-bedroom/1-bathroom units, and four 1-bedroom/1-bathroom units. Each unit features washer/dryer hookups, and a shared laundry room is conveniently located on-site. The property sits on a 10,018.8 square foot lot and includes a resurfaced parking lot providing dedicated tenant parking. Currently operating at 90% occupancy, the building generates an average monthly rent of approximately $1115 per unit. A significant advantage is the 15-year, 100% tax abatement, currently valued at $7194.50 annually. The property's prime location offers easy access to Nationwide Children's Hospital, Capital University, Bexley, Olde Towne East, and downtown Columbus. The asking price is $1,675,000, translating to $207.87 per square foot. This turnkey investment is ideal for those seeking a strong return in a desirable Columbus neighborhood. All new mechanical, electrical, plumbing, and roofing were installed during the 2022 renovation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9533065
- Latitude
- 39.9491617
