414 12Th Ave Columbus, OH 43201
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 414 12Th Ave
- Year built
- 1971
- Property type
- Small apartment buildings
Description
This exceptional five-unit apartment building, located at 414 E 12th Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1971 and extensively renovated in 2015, the property boasts a desirable location in the vibrant Ohio State University campus area. The 6,098.4 square foot lot houses a well-maintained building currently operating at 80% occupancy, demonstrating strong historical performance. Each of the five units includes in-unit laundry, a significant amenity for renters. Further enhancing resident appeal are the off-street parking and fenced entryways. The property benefits from gas and electric submetering, simplifying utility management. Tax abatement is in place until April 2027, providing a considerable financial advantage. The current rents offer immediate cash flow, with potential for further increases to market rates without requiring additional renovations. This turnkey property is offered at $1,100,000, representing a price per square foot of $267.77. Serious inquiries only; curb offers are welcome, but please do not disturb the residents.
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
- -82.9959842
- Latitude
- 39.9965834
