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$ 3,400,000
Est. payment /mo
Active
484498 Forest Street Columbus, OH 43206
0.39 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Schumacher Place
MLS Listing ID 225001534
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1975
Annual Tax Amount $24,307
Lot Size 0.390 Acres
Lot Dimensions 0.39
Property Sub-Type Townhouse
Property Description
15-YEAR 100% TAX ABATEMENT! Current annual taxes are $24,307, significantly increasing NOI over the next 15 years as any increase to the taxable improvement value will be abated. Remodeled 16-unit apartment complex located in Schumacher Place. 100% LEASED with rents grossing over $28,500 per month. Ready for a turn-key or 1031 investor looking for a newly finished multi-family asset. Completed in 2024/2025, both buildings have all new windows, roof, siding, doors and M/E/Ps. Eight 1 bed/1 bath flats, four 2 bed/1 bath flats, and four 2 bed/1 bath townhomes all feature vinyl plank flooring, LED lighting, white shaker cabinets, granite countertops, stainless appliances, and in-unit washers/dryers. Newly resurfaced parking lot striped offers 20 off-street parking spaces for building tenants. Professional management in place. Close proximity to Downtown Columbus, Nationwide Children's Hospital and the shops/restaurants in German Village.
Location
State OH
County Franklin
Community Schumacher Place
Area 0.39
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air, Oil
Cooling Central Air, Other
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-020977
Virtual Tour https://player.vimeo.com/video/1078290595
Listed by Daniel J Lim Lim Realty Group