Pending

Listed by Daniel Lim and Jonathan Lorenz from Lim Realty Group

Source: Columbus and Central Ohio Multiple Listing Service #225001534

484498 Forest Street, Columbus, OH, 43206

$3,400,000

16988.4 sq. ft.

Townhouse

30+ days on the market

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About this property

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.

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