32 Orel Ave Columbus, OH 43204
- Small apartment buildings
- 10,168 SF
Current Use by Public Records
- True Painting LLC / Painter / Stained Glass Studio
Property Details for 32 Orel Ave
- Year built
- 1968
- Property size
- 10,168 SF
- Property type
- Small apartment buildings
- APN
- 010-065477
Description
This exceptional 12-unit apartment building, located at 32 Orel Avenue in Columbus, Ohio, presents a compelling investment opportunity. The property, built in 1968 and extensively renovated in 2018, boasts a total of 10,168 square feet situated on an 11,761.2 square foot lot (APN: 010-065477). The two-story structure, constructed of concrete and stucco, features twelve one-bedroom, one-bathroom units arranged around two central hallways. Each unit benefits from updated furnaces, A/C units, and windows, installed within the last five years. Individual utility metering ensures tenants pay their own gas and electric, while the landlord covers quarterly water expenses. An ADT security system enhances tenant safety and peace of mind. Currently operating at 100% occupancy, this property offers immediate cash flow. Five one-car garages are available, presenting additional rental income potential. The property is zoned Commercial 401, and the asking price is $1,300,000 ($127.85 per square foot). This well-maintained, highly profitable property is an ideal addition to any investment portfolio. Its strong rental history and recent upgrades minimize maintenance concerns and maximize return on investment. The convenient Columbus location and high occupancy rate ensure consistent income generation.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0855013
- Latitude
- 39.955053
