1500 Fairview Ave - Multi-Family FOR SALE


Columbus, OH 43212- Grandview Heights
$900,000 USD
614-580-3945
1500 Fairview Ave, Columbus, OH for Sale
$900,000 USD
Multi-Family - FOR SALE
1/15
null | Request Cap Rate

1500 Fairview Ave
Columbus, OH 43212
Grandview Heights


OVERVIEW

Fully occupied four unit brick multifamily in the heart of the Grandview area. Four Two bedroom flats. Three units were updated in 2022 with new kitchens and baths and rent for an avg of $1600/mo (market rent $1800). There is one long term Tenant. Tenants pay all utilities. 4 car garage for parking. Ideal for investor seeking stable in-place income with upside through lease adjustments on the under-market unit (market rent ~$1,800 for updated units). potential. Curb offers only. Cap rate is 6% based on 2024 NOI. 2025 had vacancies due to a change in leasing agents. Financials including 2 years of P & L and rent rolls available in the data center.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1500 Fairview

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

010-062633

ASK ABOUT THIS PROPERTY

Matthew SchirtzingerRE/MAX Premier ChoiceMore Info
614-580-3945

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Matthew SchirtzingerRE/MAX Premier ChoiceMore Info
614-580-3945

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