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484498 Forest Street

Columbus OH 43206

16988.4 sq. ft.
Townhouse
Currently for sale - view listing

Overview

15-YEAR 100% TAX ABATEMENT! Current annual taxes are $24,307, significantly increasing NOI over the next 15 years as any increase to the taxable improvement value will be abated. Remodeled 16-unit apartment complex located in Schumacher Place. 100% LEASED with rents grossing over $29,000 per month. Ready for a turn-key or 1031 investor looking for a newly finished multi-family asset. Completed in 2024/2025, both buildings have all new windows, roof, siding, doors and M/E/Ps. Eight 1 bed/1 bath flats, four 2 bed/1 bath flats, and four 2 bed/1 bath townhomes all feature vinyl plank flooring, LED lighting, white shaker cabinets, granite countertops, stainless appliances, and in-unit washers/dryers. Newly resurfaced parking lot striped offers 20 off-street parking spaces for building tenants. Professional management in place. Close proximity to Downtown Columbus, Nationwide Children's Hospital and the shops/restaurants in German Village.

Features

16988.4 sq. ft. lot size
Townhouse

Happy sellers in Columbus

87%
87% of sellers in Columbus reported that their sale price either exceeded or met their price expectations.

Columbus stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Columbus over the last 12 months.

Local market activity for townhouses in Columbus

In the last 12 months, 3 townhouses similar to 484498 Forest Street, have been sold.

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