Short North Multifamily Investment Opportunity

29 W 1st Ave, Columbus, OH

$1,250,000

Price

4,104 sqft

Building Size

0.08 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
4,104 sqft
Lot Area
0.08 acres
Occupancy
100%
Class
C
Units
9
Year Built
1920
Floors
2
Description

Located in the Short North Arts District, 29 W. First Avenue offers urban living within walking distance to cultural attractions, boutiques, art galleries, and dining. The property location provides easy access to arterial North High Street and is proximal to notable attractions, including Goodale Park, North Market and the Columbus Convention Center. The building offers eight large studio apartments and a single one-bedroom unit and is currently 100% occupied. Other features include: brick façade, full basement, and minimal common area space to maintain. Below-market rents currently in place provide upside and value-add potential for the next owner!

29 W. 1st Avenue is located right off North High Street, nestled in the heart of the Short North Arts District. This property is situated within walking distance to many cultural attractions, trendy boutiques, art galleries, dining/entertainment establishments, and nearby parks.

Highlights
  • Located Right Off High Street in the Short North’s Historic Victorian Village Neighborhood
  • Directly Across from the new Sutton Apartments
  • 9 Total Units: Eight Large Studios & A One-Bedroom Unit
  • 100% Occupied with Extremely Strong Historical Occupancy
  • Below-Market Rents Provide Upside For the Next Owner
  • Attractive Brick Façade
  • Full Basement
  • Minimal Common Areas & Small Site to Maintain
  • Value-Add Potential
  • Walkable to Countless Amenities the Short North Offers, Including: Bars, Restaurants, Shopping, Art Galleries & Goodale Park
Documents
Location
Gallery