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464482 E Norwich Avenue Columbus, OH 43201
0.57 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225019919
Year Built 1956
Annual Tax Amount $44,073
Lot Size 0.570 Acres
Lot Dimensions 0.57
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Norwich Court Apartments is a 20-unit multifamily property located in Columbus's highly desirable University District, just minutes from The Ohio State University. The unit mix consists of 12 one-bedroom/one-bath apartments and 8 two-bedroom/one-bath townhome-style units, catering to steady demand in this well-established rental market. The property currently generates $16,945 per month in rental income, with four vacant units offering immediate lease-up upside and the potential to further increase cash flow. Originally built in 1956 and well maintained, recent improvements include a newly paved front parking lot completed in 2023, enhancing both curb appeal and tenant convenience. Additional amenities such as on-site laundry facilities add to the property's renter appeal. With a prime location, consistent income, and operational upside, Norwich Court presents a compelling investment opportunity in one of Columbus's most proven and stable submarkets.
Location
State OH
County Franklin
Area 0.57
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-036824
Listed by Zeke Liston Verti Commercial Real Estate L