REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,700,000
Est. payment /mo
Price Dropped by $100K
12641270 S High Street Columbus, OH 43206
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Merion Village
MLS Listing ID 225013769
Year Built 1939
Annual Tax Amount $21,726
Lot Size 7,405 Sqft
Lot Dimensions 0.17
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Presenting 1264-1270 S. High Street, a value-add 20-unit apartment complex consisting of 18 residential units and 2 commercial units located in the Merion Village neighborhood of Columbus, Ohio. With over 121 feet of frontage along South High Street and close proximity to Downtown Columbus, the Property presents a substantial value-add opportunity. The Property's two (2) buildings, which are separated by a central courtyard total sixteen (16) 2-bedroom/1-bathroom townhomes, two (2) 2-bedroom/1-bathroom flats and two (2) retail units. Roof recently resealed with a 10-year warranty. With a thoughtful interior value-add strategy, rents could be greatly increased across the board, and the Property may qualify for a 15-year CRA tax abatement. Another possible value-creation scenario could be to convert the units to condominiums. With two (2) bedrooms in each residential unit and an average size of over 1,000 square feet each, significant value could be realized post-conversion. Merion Village is known for being walkable, with its close proximity to local businesses, parks, and public transportation. This would include the Brewery District to the west of High Street, northwest of the Property. With great proximity to Downtown Columbus, Nationwide Children's Hospital, and the shops/restaurants in German Village, this investment is truly a unique opportunity.
Location
State OH
County Franklin
Community Merion Village
Area 0.17
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-017202
Acceptable Financing Other
Listing Terms Other
Listed by Jonathan Lorenz Lim Realty Group