497 E Oakland Ave Columbus, OH 43202
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 497 E Oakland Ave
- Year built
- 1969
- Property type
- Small apartment buildings
Description
This exceptional four-unit apartment building, located at 497 E Oakland Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1969, the property sits on a 4,356 square foot lot and boasts a desirable location within the 43202 zip code. Each of the four units features two bedrooms and one bathroom, ensuring comfortable living spaces for tenants. The property is currently fully occupied, providing immediate cash flow for the new owner. Significant recent upgrades enhance the property's value and appeal, including a new fence providing secure access, sub-metered utilities (including water) for each unit, newly installed gutters with leaf guards, and ample off-street parking. The asking price is $515,000, translating to a price per square foot of $165.06. This represents a strong value proposition in the Columbus multifamily market. The property's strong occupancy rate, coupled with the recent improvements and convenient location, makes it an ideal investment for both seasoned and novice investors seeking a stable and profitable addition to their portfolio. The property's features and current condition suggest a low-maintenance investment with significant potential for future appreciation. This is a turnkey opportunity not to be missed.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9963145
- Latitude
- 40.0087335
