2054 4Th St Columbus, OH 43201
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 2054 4Th St
- Year built
- 1910
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
Description
This stately brick apartment building, located at 2054 N 4th Street in Columbus, Ohio, presents a compelling investment opportunity. Built in 1910 and situated on a 6,534 square foot lot, this property boasts seven units, offering a mix of five two-bedroom/one-bathroom units and two three-bedroom/one-bathroom units. Each unit includes a full basement, laundry facilities, and gas heat. The building benefits from recent upgrades, including a new roof installed in 2011, double-pane vinyl replacement windows, and glass block basement windows. The property's prime location offers convenient access to Ohio State University, the Short North Arts District, and downtown Columbus, with easy access to major roadways. On-street parking is available on the adjacent side street. The building enjoys a history of long-term tenants, contributing to its strong financial performance. Current annualized rental income is $93,275, based on 2023 data. The asking price is $1,050,000, representing a price per square foot of $108.23. This well-maintained multifamily property offers a solid return on investment and significant potential for future growth. Financial details from the 2023 tax return are available upon request.
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
- -82.9979478
- Latitude
- 40.0053486
