615-619 Oak St - Apartments FOR SALE


Columbus, OH 43215- Discovery District
$640,000 USD
614-403-8162
615-619 Oak St, Columbus, OH for Sale
$640,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

615-619 Oak St
Columbus, OH 43215
Discovery District


HIGHLIGHTS

  • Quiet area, minutes from downtown Columbus
  • 2 units on 1st floor and two on 2nd floor; each two bedrooms at approximately 1,400 SF each
  • Ample parking in rear
  • Three units currently leased, one vacancy
  • Current monthly gross income is $3,650, with one vacancy asking $1,350 per month; once leased gross income will be $5,000 per month
  • Please do not disturb the tenants. Call to schedule a walk through

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$640,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

4

PRICE/UNIT

$160,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

DD

APN/PARCEL ID

010-038176

ASK ABOUT THIS PROPERTY

Tim TreasureSperry-Treasure and AssociatesMore Info
614-403-8162

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Tim TreasureSperry-Treasure and AssociatesMore Info
614-403-8162

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