$1,599,000
$1,599,000
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6,098 Sqft Lot
SOLD DATE : 09/16/2025
Key Details
Sold Price $1,599,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 225007755
Sold Date 09/16/25
Year Built 1900
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
8-unit apartment building at Ohio State. 6 studios, 1 5BR, 1 4BR. 200k+revenue per year, 160k NOI. Fully rented (through Aug 2026/2027) & cash-flowing, newly Remodeled w/ high end finishes, parking lot with 10 lined spots, Dual basement for laundry + maintenance/storage room. Appraised at 1.6M in Feb 2024, have made $150k of improvements since then. Cap rate of 10.08%. Willing to do drop & swap/ partial owner finance. Current note ~780k, ~6400/mo payment, 7.2%, 19 years left. Gross Revenue/mo $16,950. Net profit/mo $6690. $80k profit/year. Perfect place to roll a 1031 exchange into & continue cash flowing. Rent Roll + Financials etc. at the link in A2A.
See A2A remarks.
Location
State OH
County Franklin
Area 0.14
Rooms
Other Rooms None
Dining Room No
Interior
Heating Hot Water
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-039685-00
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