Multifamily Housing - For Sale
958 South Champion Avenue and 534-536 Oakwood Ave. Columbus, OH 43206
Details & Description
Price: $2,600,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 15,870
  • Building Price per Sq Ft $168.56
RARE OPPORTUNITY! 13 RENOVATED UNITS AVAILABLE FOR SALE! Rare opportunity to purchase 13 renovated units in the Downtown submarket of Old Town East and Southern Orchards with below market rents. Both properties have been recently completely renovated, but rents remain below market allowing the next owner rent upside opportunity. Priced at a 7.2% cap rate, these units provide attractive in-place income. One unit at the Champion Avenue location has been left vacant to provide the next owner with the opportunity to increase rents on the market. Located in an opportunity zone, this site offers potential investors opportunity zone tax benefit options. This opportunity won’t last long.
Property Highlights
 UNIQUE INVESTMENT OPPORTUNITY - 13 COMPLETELY RENOVATED UNITS
 LOCATED IN AN OPPORTUNITY ZONE
Additional Photos
Listing Agents
Alex Marsh

O: 614-245-2182
M: 614-937-3658
amarsh@rweiler.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

958 South Champion Avenue and 534-536 Oakwood Ave.

Columbus, OH 43206

Listing ID: 301295
Property No Longer Listed
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 15,870
  • Building Price per Sq Ft $168.56
  • 958 South Champion Avenue and 534-536 Oakwood Ave. Columbus, OH 43206 | for Sale | Photo 1
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Property Highlights
 UNIQUE INVESTMENT OPPORTUNITY - 13 COMPLETELY RENOVATED UNITS
 LOCATED IN AN OPPORTUNITY ZONE
 Cap Rate 7.2%
Description

RARE OPPORTUNITY! 13 RENOVATED UNITS AVAILABLE FOR SALE! Rare opportunity to purchase 13 renovated units in the Downtown submarket of Old Town East and Southern Orchards with below market rents. Both properties have been recently completely renovated, but rents remain below market allowing the next owner rent upside opportunity. Priced at a 7.2% cap rate, these units provide attractive in-place income. One unit at the Champion Avenue location has been left vacant to provide the next owner with the opportunity to increase rents on the market. Located in an opportunity zone, this site offers potential investors opportunity zone tax benefit options. This opportunity won’t last long.

Columbus Area Market Trends

Listing Demographics for 958 South Champion Avenue and 534-536 Oakwood Ave. Columbus, OH 43206

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population20,578103,978297,483
Population Median Age363835
Population by Age0-9 Yrs2867 (13%)11487 (11%)32680 (10%)
10-19 Yrs2397 (11%)10166 (9%)42092 (14%)
20-29 Yrs3397 (16%)19973 (19%)70580 (23%)
30-39 Yrs3438 (16%)18254 (17%)43560 (14%)
40-49 Yrs2435 (11%)11535 (11%)29297 (9%)
50-59 Yrs2590 (12%)13054 (12%)32293 (10%)
60-69 Yrs2282 (11%)10811 (10%)26507 (8%)
70+ Yrs1172 (5%)8697 (8%)20475 (6%)
Median HH Income$41,596$50,225$45,148
Total Household Income< 24K2665 (30%)12484 (26%)34595 (29%)
25-49K2321 (26%)11086 (23%)28510 (24%)
50-74K1520 (17%)7505 (15%)20258 (17%)
75-99K702 (8%)5353 (11%)13581 (11%)
100-199K1107 (12%)7849 (16%)16645 (14%)
200K+290 (3%)3009 (6%)4807 (4%)
Highest Education LevelNo Diploma2051809024852
Diploma or GED47641883253646
Some College30341421237510
Assoc. Degree787438911280
Bachelors Degree22981753136597
Higher Degree13051226923493
Total Housing Units10,95355,932135,790
--Owner-Occupied3,83320,74147,833
--Renter-Occupied4,77326,54470,563
Owner-Occupied Values< 100K1902617719154
100-199K780486413755
200-299K61840295961
300-399K26720333254
400-499K13414012388
500K+13322373321
Total Working Age Population16,19886,779246,506
In Work Force10,78758,589159,792
Not In Work Force5,41128,19086,714
Workforce Employed9,83954,295148,080
Workforce Unemployed9484,20111,572
Civlian Workforce10,78758,496159,652
Military Workforce094140
Total Households8,60647,285118,396
Family Households4,27620,87455,824
Non-Family Households4,33026,41162,572
Married Couple1,78312,01329,581
Other Family2,4938,86126,243
Married w/Child4653,4009,426
Single Male w/Child2469192,847
Single Female w/Child1,3304,19511,989

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Ohio11,353,140+211,536,504011,574,870011,615,100
Franklin County1,068,978+91,163,414+111,291,320+81,394,980

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
John Glenn Columbus International Airport (CMH) 6
Rickenbacker International Airport (LCK) 9
James M Cox Dayton International Airport (DAY) 66