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31285260
31285271

1106-1116 Parsons Ave, Columbus, OH 43206

NH
OH 2022003417
$1,275,000
71 days on market
Updated 71 days ago
Opportunity zone

6-Unit Investment Opportunity

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,792
Net Rentable (SqFt) 9,792
Units 6
Cap Rate 5.53%
NOI $70,553
Occupancy 100%
Price per SqFt $130
Broker Co-Op Yes
Year Built 1925
Year Renovated 2022
Buildings 1
Stories 2
Acreage 0.150
Investment Type Stabilized

6-Unit Investment Opportunity

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.

Investment highlights

Full Occupied Asset

Separate Parcels (rare exit strategy)

Near Nationwide Children Hospital

Listing Contacts

NH
OH 2022003417

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,553.00
$5,879.42/mo

Valuation Metrics

0
DSCR
5.53%
Cap Rate
5.53%
ROI

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Additional Information

Name
Nasser Hussain
License
2022003417
Brokerage Phone
9512711437
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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