1309 Fair Ave - Apartments FOR SALE


Columbus, OH 43205- Olde Town East
$2,499,000 USD
614-378-2752
1309 Fair Ave, Columbus, OH for Sale
$2,499,000 USD
Apartments - FOR SALE
1/62
null | 8.36% Cap Rate

1309 Fair Ave
Columbus, OH 43205
Olde Town East


OVERVIEW

Introducing a stabilized 20-unit multifamily asset located in desirable Franklin Park. Two ten-unit buildings on two parcels, featuring a unit mix of 8 spacious two bedroom units and 12 efficient one-bedroom units. The property has undergone recent upgrades which include exterior painting, landscaping, renovated kitchens and bathrooms, refreshed parking lot, new commercial entry doors and an inviting pergola that enhances curb appeal and resident satisfaction. This asset offers fully occupied cash flow, with huge upside for value add with strong tenant demand. With rents positioned well below market, this rare opportunity to acquire a turn key building with both in place income and a value add upside. Ideal for investors seeking immediate returns with long-term growth potential in a rapidly appreciating market. Please DO NOT disturb tenants. Tours can be coordinated upon receipt of acceptable LOI. Agent is a member of ownership entity.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

20

PRICE/UNIT

$124,950

CAP RATE

8.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Urban Residential

APN/PARCEL ID

010-016312,010-019079

ASK ABOUT THIS PROPERTY

Aaron McDanielMainstream Realty ProsMore Info
614-378-2752

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Aaron McDanielMainstream Realty ProsMore Info
614-378-2752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.