82 Central AveColumbus, OH 43222

For Sale
$150,000

Two-unit apartment building, needs work, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This charming two-unit apartment building, located at 82 N Central Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1900, this property sits on a sizable 4,791.6 square foot lot and offers a total of two units, each featuring two bedrooms and one bathroom. Currently, the occupancy rate is 50%. The asking price is $150,000, translating to a price per square foot of $77.64. The property is conveniently located near downtown Columbus, offering easy access to various amenities and transportation options. While the building requires renovations and improvements, its prime location and potential for increased rental income make it an attractive prospect for investors seeking a hands-on project with significant upside. The property's age and current condition necessitate a thorough assessment of repair and renovation costs before purchase. This is a unique opportunity to acquire a multifamily property in a desirable area of Columbus, Ohio, and capitalize on the potential for substantial returns. Further due diligence is recommended to fully understand the scope of necessary repairs and the potential rental income. The property is zoned for multifamily use within Franklin County, Ohio, and has a zip code of 43222.

Highlights

  • Asking price: $150,000
  • Multifamily property, consisting of a two-unit apartment building (duplex).
  • Price per square foot: $77.64.
  • Currently 50% occupied.
  • Two units total.
  • Built in 1900.

Property Details for 82 Central Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1900
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9594647
Longitude
-83.0382235
82 Central Ave, Columbus, Ohio

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82 Central Ave
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