1204 Oak StColumbus, OH 43205

For Sale
$2,750,000

New Construction, Tax Abated, High-Demand

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 2023-built, ten-unit apartment building presents a compelling investment opportunity in Columbus, Ohio's revitalized Olde Towne East neighborhood. Boasting 7,578 square feet on a 0.2-acre lot, this two-story Class B property offers a 6.00% cap rate and an asking price of $2,750,000. Each of the ten units features modern, high-end kitchens, in-unit laundry, and contemporary finishes, catering to today's discerning renters. The property benefits from its prime location near Downtown Columbus, providing easy access to major highways, public transportation, shops, restaurants, and cultural attractions. The surrounding area is experiencing significant redevelopment, driving property values and attracting a strong tenant pool. The proximity to parks and green spaces further enhances the desirability of this property for families and professionals, ensuring consistent occupancy and strong rental income. The property's tax abatement status provides additional financial advantages for the investor. This is a turnkey investment in a rapidly growing area, offering a blend of modern amenities and a desirable urban location. The property's APN is 010-051804-00 and is located at 1204 Oak St, Columbus, OH 43205.

Highlights

  • Brand new 2023 construction.
  • Prime 10-unit multifamily investment with tax abatement.
  • Located in the revitalized Olde Towne East neighborhood, near Downtown Columbus, offering convenient access to amenities.
  • Units feature high-end kitchens, in-unit laundry, and modern finishes.
  • Excellent access to public transit and major highways.
  • Strong area redevelopment, driving property value appreciation and tenant demand.

Property Details for 1204 Oak St

Property type
Multifamily properties, Apartment buildings
Square Feet
7,578 SF
Class
B
Year Built
2023
Stories
2
Lot Size (sq. ft)
8,712 SF
Units
10

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.962560581435
Longitude
-82.967055529905
1204 Oak St, Columbus, Ohio

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1204 Oak St
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