601 City Park AveColumbus, OH 43206

For Sale
$997,997.97

Columbus, OH Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional four-unit apartment building, located at 601 City Park Avenue in Columbus, Ohio's desirable German Village, presents a unique investment opportunity. Priced at $997,997.97, this property boasts a price per square foot of $354.40. Built in 1900 and extensively renovated in 2019, the building features three one-bedroom units and one two-bedroom unit, each with a single bathroom. The two-bedroom unit offers convenient inside access to the basement and a dedicated laundry area. All units share access to a communal basement laundry space and ample additional storage. A rare double lot (4,791.6 sq ft) provides significant potential for expansion, such as adding a swimming pool or a garage with a carriage house. Currently, the occupancy rate is 25%, with three units intentionally vacant, offering flexibility for a potential conversion to a single-family home. This property's prime location and recent updates make it an attractive investment prospect in a highly sought-after neighborhood. The building's history and unique features combine to create a compelling opportunity for a discerning buyer. The property is situated in Franklin County, Ohio, with a zip code of 43206.

Highlights

  • Exceptional four-unit apartment building in Columbus, Ohio's German Village, priced at $997,997.97.
  • $354.40 price per square foot.
  • Built in 1900, extensively renovated in 2019; features three one-bedroom and one two-bedroom units, each with one bath.
  • Two-bedroom unit includes basement access and private laundry. Communal basement laundry and storage.
  • Rare double lot (4,791.6 sq ft) allows for expansion.
  • Currently 25% occupancy; three vacant units offer flexibility, including potential single-family conversion.

Property Details for 601 City Park Ave

Property type
Multifamily properties, Apartment buildings
Year Built/Renovated
1900/2019
Units
4

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9499912
Longitude
-82.9967557
601 City Park Ave, Columbus, Ohio

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601 City Park Ave
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