8-unit apartment building at Ohio State. 6 studios, 1 5BR, 1 4BR. 200k+revenue per year, 160k NOI. Fully rented (through Aug 2026/2027) & cash-flowing, newly Remodeled w/ high end finishes, parking lot with 10 lined spots, Dual basement for laundry + maintenance/storage room. Appraised at 1.6M in Feb 2024, have made $150k of improvements since then. Cap rate of 10.08%. Willing to do drop & swap/ partial owner finance. Current note ~780k, ~6400/mo payment, 7.2%, 19 years left. Gross Revenue/mo $16,950. Net profit/mo $6690. $80k profit/year. Perfect place to roll a 1031 exchange into & continue cash flowing. Rent Roll + Financials etc. at the link in A2A.
See A2A remarks.
For sale
$1,599,000
82-84 Chittenden Ave, Columbus, OH 43201
--beds
0baths
--sqft
Est.:
Mixed Use
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High end finishes
- 151 days
- on Zillow |
- 689 |
- 35 |
- Loading
- Loading