1281 Sullivant AveColumbus, OH 43223

For Sale
$400,000

Four-unit apartment building, excellent rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a four-unit apartment building located at 1281 Sullivant Avenue, Columbus, Ohio, 43223. The property, built in 1930, sits on a 3,920.4 square foot lot and is priced at $400,000, translating to $144.51 per square foot. The building consists of two structures, each containing two units. Each unit offers two bedrooms and one full bathroom, providing comfortable living spaces. Currently, one building is fully occupied, generating immediate rental income, while the second building is vacant and used for storage, presenting a significant upside potential for increased revenue. The property's convenient location in Columbus offers easy access to local amenities and transportation networks, making it an attractive option for tenants. This multifamily property is ideal for investors seeking to expand their portfolio or first-time buyers looking to enter the rental market. The property's strong rental history and potential for future growth make it a compelling investment prospect. The vacant building offers the opportunity for immediate renovation and rental income generation. This is a rare chance to acquire a well-located, multi-unit property in a thriving Columbus neighborhood.

Highlights

  • Four-unit apartment building at 1281 Sullivant Avenue, Columbus, OH 43223.
  • $400,000 asking price on a 3,920.4 sq ft lot ($144.51/sq ft).
  • Built in 1930; two buildings, each with two 2 bed/1 bath units.
  • One building fully occupied, generating immediate income; second building vacant, offering upside potential.
  • Excellent location with easy access to amenities and transportation.

Property Details for 1281 Sullivant Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1930
Units
4

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9508425
Longitude
-83.0333776
1281 Sullivant Ave, Columbus, Ohio

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1281 Sullivant Ave
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