466 Weyant Ave, Columbus, OH 43213
- Residential income homes
- 1,028 SF
- 0.12 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 466 Weyant Ave
- Year built
- 1950
- Lot size
- 0.12 lot acres
- Property type
- Residential income homes
- APN
- 010-089243
Description
This Columbus, Ohio multifamily investment property, located at 466 S Weyant Ave, offers a compelling opportunity for income-seeking investors. The property consists of a two-story, 1,028 square foot building on a 0.12-acre lot (APN: 010-089243) and includes two buildings. Built in 1950 and extensively renovated in 2023, this Class B property boasts a current 100% occupancy rate, generating a Net Operating Income (NOI) of $14,445. The pro-forma NOI is projected at $17,445, reflecting a potential for increased profitability. The asking price is $159,000, representing a current cap rate of 9.08% and a pro-forma cap rate of 10.97%. The single rental unit currently commands $1,350 in monthly rent, with the existing lease expiring in Summer 2025. This stabilized investment offers a strong cash flow and significant potential for long-term returns. The property is situated in Franklin County, Ohio, with the address being 466 S Weyant Ave, Columbus, OH 43213. Cash offers only.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9074216
- Latitude
- 39.9627605
