29 W 1st Ave - Apartments FOR SALE


Columbus, OH 43201- Short North
$1,250,000 USD
614-218-3520
29 W 1st Ave, Columbus, OH for Sale
$1,250,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

29 W 1st Ave
Columbus, OH 43201
Short North


HIGHLIGHTS

  • Located Right Off High Street in the Short North’s Historic Victorian Village Neighborhood
  • 9 Total Units: Eight Studios & A One-Bedroom Unit
  • 100% Occupied with Extremely Strong Historical Occupancy
  • Below-Market Rents Provide Upside For the Next Owner
  • Minimal Common Areas & Small Site to Maintain
  • Walkable to Countless Amenities the Short North Offers, Including: Bars, Restaurants, Shopping, Art Galleries & Goodale Park

OVERVIEW

Located in the Short North Arts District, 29 W. First Avenue offers urban living within walking distance to cultural attractions, boutiques, art galleries, and dining. The property location provides easy access to arterial North High Street and is proximal to notable attractions, including Goodale Park, North Market and the Columbus Convention Center. The building offers eight large studio apartments and a single one-bedroom unit and is currently 100% occupied. Other features include: brick façade, full basement, and minimal common area space to maintain. Below-market rents currently in place provide upside and value-add potential for the next owner!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

9

PRICE/UNIT

$138,889

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

Residential, R4

APN/PARCEL ID

010-064843

ASK ABOUT THIS PROPERTY

Peter MerkleNAI Ohio Equities LLCMore Info
614-218-3520

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Peter MerkleNAI Ohio Equities LLCMore Info
614-218-3520

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.