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615-619 Oak St 4 Unit Apartment Building $685,000 ($171,250/Unit) Columbus, OH 43215
INVESTMENT HIGHLIGHTS
- Quiet Area, Minutes from Downtown Columbus
- Two bedroom units, approximately 1,400 SF each
- Three units currently leased, one vacancy
- Ample Parking in Rear
- Below Market Rents
- Please do not disturb the tenants. Call to schedule a walk through.
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in the Columbus area, this mid-rise property offers an ideal multifamily investment with four spacious units. With ample rear parking and a tranquil setting, it presents a compelling investment package. Each of the two-bedroom units ensures comfortable living spaces for tenants. The property's distribution of two first-floor units and two second-floor units adds to its appeal, while the existing below-market rents present a significant value-add opportunity. Currently, three units are leased, underpinning immediate income potential, with one vacancy offering the potential for further optimization.
PROPERTY FACTS
| Price | $685,000 | Building Class | C |
| Price Per Unit | $171,250 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,536 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Zoning | DD - Designed to promote a vibrant, mixed-use urban environment and encourage a mix of residential, commercial, and office uses. | ||
| Price | $685,000 |
| Price Per Unit | $171,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,536 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | DD - Designed to promote a vibrant, mixed-use urban environment and encourage a mix of residential, commercial, and office uses. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 010-038176 | Improvements Assessment | $155,020 |
| Land Assessment | $59,190 | Total Assessment | $214,210 |
PROPERTY TAXES
Parcel Number
010-038176
Land Assessment
$59,190
Improvements Assessment
$155,020
Total Assessment
$214,210
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615-619 Oak St
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