Multifamily Housing
958 South Champion Avenue and 534-536 Oakwood Ave. Columbus, OH 43206
Details & Description
Price: $2,600,000
    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

    No Longer Listed
    • 958 South Champion Avenue and 534-536 Oakwood Ave. Columbus, OH 43206 | for Sale | Photo 1
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    Price
    $ /mo
    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.

    Common Questions and Answers

    What is the asking price for 958 South Champion Avenue and 534-536 Oakwood Ave. in Columbus?
    The asking price for 958 South Champion Avenue and 534-536 Oakwood Ave. is $2,600,000
    What is the building size of this Multifamily property in Columbus, OH?
    The size of the building/unit at 958 South Champion Avenue and 534-536 Oakwood Ave. in Columbus is 15,870 square feet
    What is the population within 1 mile of 958 South Champion Avenue and 534-536 Oakwood Ave. in Columbus?
    The population within 1 mile of 958 South Champion Avenue and 534-536 Oakwood Ave. Columbus, OH 43206 is 20,578 people.
    Who do I contact for questions about 958 South Champion Avenue and 534-536 Oakwood Ave.?
    You should contact the listing agent, Alex Marsh, for any details regarding this commercial listing.

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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