615-619 Oak Street
- Minutes from downtown Columbus
- Ample parking in the rear
- Quiet area
- Two bedroom units, approximately 1,400 SF each
- Two first-floor units, two second-floor units
- Below market rents
- Two units currently leased, two vacancies
- Two vacancies with potential gross income $2,400 per month; Potential gross income is $5,000/month or $60,000 annually
- Please do not disturb the tenants. Call to schedule a walk through
Property Description
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, two units are leased, underpinning immediate income potential, with two vacancies offering the potential for further optimization.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $535,000 |
| No. of Units: | 4 |
| Opportunity Zone: | No |
| Price per unit: | $133,750 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout