0 beds
Bathrooms
3,576 sqft
Listed By
Agency Name: RE/MAX Premier Choice
Agency Phone: 800-759-1112
Agent Name: Matthew T Schirtzinger
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property Description
Curb Offers only. Fully occupied four-unit brick multifamily in the heart of Fifth by Northwest District between Grandview and UA with Columbus taxes. 3,576 SF , 4 two bedroom units with a brick 4-car garage. Current rents:??? Three updated units averaging $1,600/month??? One long-term tenant at $800/month??? Tenants pay all utilitiesBased on 2024 NOI, the property is operating at a 6% cap rate at list price, with immediate upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units).Three of four units have been remodeled with updated kitchens, baths, and neutral finishes. The fourth unit offers clear value-add potential. Shared basement, garage parking, and strong tenant demand in one of Columbus' most walkable rental corridors.Consistent occupancy history. Minimal landlord expense structure with tenants covering all utilities.Ideal for:??? Investor seeking stable in-place income with upside??? 1031 exchange buyer??? Owner looking to secure long-term asset in Grandview submarket2-year P&L and rent roll available in documents. Financials available upon request.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 28
Heating: Forced Air
Lot Size: 0.20 Acres
Taxes: $10,594
Year Built: 1955
Feature Descriptions
Parcel #: 010-062633
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
Local Schools
School District: COLUMBUS CITY
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Estimated Payment
$ 5,536.44 per month $4,391.11 Principal & Interest $882.83 Property Tax $262.50 Homeowner's InsuranceChange Payment Information
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1500 Fairview Avenue | MLS# 226003167
This multi-family property located at 1500 Fairview Avenue, Columbus, OH 43212 is currently listed for sale with an asking price of $900,000. Fairview Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on www.leahackerman.com today.