2061 N 4th St
Columbus, OH 43201
Ohio State University Apartments · Specialty Property For Sale · 3,436 SF

12 Bedroom Ohio State University Duplex for sale. 2 Bedrooms on first floor with full bath, 2 bedrooms on 2nd floor with full bath, 2 bedrooms on 3rd floor. 2061 N 4th side has basement access, 2063 N 4th St has external access with egress windows in place. Potential to add a 3rd unit. 5 off street parking spaces with room to add 5 more for a total of 10 parking spaces. Property is currently fully occupied. Owner plans renovation and lease ups of both units by Summer 2018. Expected Gross monthly rent beginning August 2018 is expected to be between $4800 and $6000 per month. For an update on construction timeline, lease up, comparables, etc please inquire. Sale subject to a 1031 exchange. Gross rent multiplier and cap rate are pro forma. Please inquire for additional information about comparable rentals in the area. Comparable Sales from 2017: 1. 2305 East Avenue, 43202 (12 Beds, Sold Late 2017 for $485,000 or $40,416 per bedroom) 2. 1706 Summit St, 43201 (12 Beds, Sold Late 2017 for $828,000 or $69,000 per bedroom) 3. 1938-1940 Summit St, 43201 (10 beds, Sold Late 2017 for $517,500 or $51,750 per bedroom) 4. 1709 N 4th St, 43201 (9 beds, Sold Late 2017 for $490,000 or $54,444.44 per bedroom) 5. 1937-1945 N 4th St, (10 beds, Sold Spring 2017 for $484,000 or $48,400 per bedroom) Seller is a licensed real estate agent in the state of Ohio. Listing agent has an ownership interest in the project.