601 City Park Ave - Apartments FOR SALE


Columbus, OH 43206- German Village
$999,850 USD
614-580-0790
601 City Park Ave, Columbus, OH for Sale
$999,850 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

601 City Park Ave
Columbus, OH 43206
German Village


HIGHLIGHTS

  • Highly Desirable German Village Location – Walkable neighborhood with strong rental demand.
  • Double Lot with Off-Street Parking – Rare feature in this historic area.
  • Projected Market Rent of $7,600/month – Strong income potential with additional upside.
  • Large Unfinished Attic & Spacious Basement – Potential for additional usable space.
  • Recent Capital Improvements – New roof, gutters, parking upgrades, and basement waterproofing.

OVERVIEW

601 City Park Ave offers a prime opportunity for investors to acquire a four-unit multi-family property in the highly desirable German Village neighborhood of Columbus. With 75% vacancy, this property presents a strong upside for repositioning, allowing new ownership to lease-up and optimize rental income in a submarket known for high demand and strong appreciation potential. The property sits on a double lot with rare off-street parking, a premium feature in this historic district. Projected market rent at full occupancy is $7,600/month ($91,200 annually), offering immediate cash-flow potential once stabilized.

FOR SALE DETAILS

PRICE

$999,850 USD

PRICE/SF

$355 USD /SF

# OF UNITS

4

PRICE/UNIT

$249,963

CAP RATE

Request Cap Rate

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,574 SF

ZONING

R2F

APN/PARCEL ID

010-015680

ASK ABOUT THIS PROPERTY

Chris GregoryRolls RealtyMore Info
614-580-0790

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

Chris GregoryRolls RealtyMore Info
614-580-0790

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