Zoned Columbus Multifamily Development
Zoned Multi-Family | Tax Abatement Pending
Marketing description
Oak Street Living is a zoned multi-family land development featuring 51 units in Olde Towne East, Columbus, Ohio. This project benefits from a 15-year, 100% tax abatement and a ten percent (10%) Ohio state tax credit, offering significant financial incentives. With zoning approvals secured, the development is ready for construction within a few months. Located in a thriving neighborhood with an average home sale price of approximately $413,850 over the past twelve (12) months, and recent developments like the Triumph Apartments and Ogden project, Oak Street Living promises high rental demand and attractive returns for investors. The purchase price is $1.85 million (all necessary plans & quotes will be provided).
Investment highlights
Zoned 51-unit multi-family development in the heart of Olde Towne East with 100% tax abatement and potential 10% State Tax Credit
Situated in the revitalized Olde Towne East neighborhood near Downtown Columbus, with easy access to shops, restaurants, and cultural attractions
Excellent public transit options and major highways in the immediate vicinity
Proximity to major employers: Nationwide Children’s Hospital, Columbus Health Department, IMPACT Community Action, and American Red Cross of Greater Columbus, providing ample employment opportunities for residents
Current area has ongoing development with growing property and attracting new tenants
Turnkey Opportunity: Ideal for new or established developers seeking a project in a high-demand area, near significant employers and healthcare facilities
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