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27619514
27619515

1106-1116 Parsons Avenue, Columbus, OH 43206 For Sale

NH
2022003417
Fiv Realty Co Ohio LLC
Listed by Fiv Realty Co Ohio LLC
$1,275,000
279 days on market
Updated 80 days ago
Opportunity zone

1106-1116 Parsons Avenue

Details
APN 010-026752
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex (+1)
Units 6
NOI $70,160
Price per SqFt $130
Year Built 1925
Acreage 0.150

Multifamily | 6 Units

Marketing description

Exceptional 6-unit investment opportunity - Curb Offer Only - 100% Occupied. Fully renovated in 2022, this turnkey multifamily property offers stable cash flow and strong upside in a rapidly developing corridor just minutes from Downtown Columbus and Nationwide Children's Hospital. Situated on separate parcels, providing added flexibility for future refinancing, individual resale, or redevelopment potential. Major capital improvements completed 2023-2025, including full electrical panel replacements in all six units (May 2025, $15,000 investment) bringing property to full code compliance and reducing insurance premiums from $700/month to $214/month -- approximately $5,800 in annual expense savings and immediate NOI improvement. Additional updates include new furnaces (Units 1106, 1110, 1116), new dishwashers (1106, 1108, 1110, 1112, 1116), new washer & dryer in Unit 1110 (landlord-owned), new water heater (1110), and new A/C unit (1112). Well-maintained, income-producing asset with modern finishes, updated mechanicals, and strong rental demand. Ideal addition for investors seeking stabilized returns in a high-growth Columbus market. Serious inquiries only.
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Listing Contacts

NH
2022003417
Fiv Realty Co Ohio LLC
Listed by Fiv Realty Co Ohio LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$70,160.00
$5,846.67/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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