2103 Iuka Ave - Apartments FOR SALE


Columbus, OH 43201- Northwood Park
$1,350,000 USD
330-600-1044
2103 Iuka Ave, Columbus, OH for Sale
$1,350,000 USD
Apartments - FOR SALE
1/9
null | 7.14% Cap Rate

2103 Iuka Ave
Columbus, OH 43201
Northwood Park


HIGHLIGHTS

  • PREMIER LOCATION NEAR OSU: Strategically positioned on Iuka Avenue, one of the most sought-after residential corridors
  • TURNKEY SHORT-TERM RENTAL INCOME: Select units are already configured for Airbnb operations, offering immediate income potential and flexibility
  • RENT GROWTH OPPORTUNITY: In-place rents are significantly below market, presenting a compelling value-add opportunity through targeted unit renovation
  • ANCILLARY INCOME FROM GARAGES: On-site garage structures provide opportunities for additional rental or storage income, enhancing total property cash
  • OPERATIONALLY SOUND ASSET: The property has been well-maintained, requiring primarily cosmetic and operational improvements to unlock further value

OVERVIEW

Broker of Record Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

10

PRICE/UNIT

$135,000

CAP RATE

7.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2103 IUKA AVE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

010-047039

ASK ABOUT THIS PROPERTY

Joey MillerMatthews Real Estate Investment ServicesMore Info
330-600-1044

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Joey MillerMatthews Real Estate Investment ServicesMore Info
330-600-1044

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