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$1,200,000 (USD)
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Columbus Area Multi-Family

Active

1106-1116 Parsons Avenue Columbus, OH 43206

Bed
0 Baths
sqft
MLS# 226023174
Turnkey 6-Unit Multifamily Investment | Strong Cash Flow | Major Capital Improvements Completed

Exceptional opportunity to acquire a fully occupied 6-unit apartment building in one of Columbus' rapidly growing investment corridors. The property consists of **five 2-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit**, offering a desirable unit mix with strong rental demand.

Currently **100% occupied**, the property generates **$100,920 in annual gross income** and **$71,429 in net operating income**, providing immediate cash flow for investors. Long-term leases are in place, creating stable income from day one.

Ownership has invested substantially in the property with **major capital improvements completed between 2023 and 2025**. In **May 2025**, all **six electrical panels were replaced**, bringing the property into full code compliance. This $15,000 improvement also reduced insurance costs from approximately **$700 per month to just $214 per month**, creating an estimated **$5,800 in annual operating expense savings** and improving overall cash flow.

Additional updates include **new furnaces in Units 1106, 1110, and 1116**, **new dishwashers in Units 1106, 1108, 1110, 1112, and 1116**, a **new landlord-owned washer and dryer in Unit 1110**, a **new water heater in Unit 1110**, and a **new A/C unit in Unit 1112**.

Conveniently located just minutes from Downtown Columbus, Nationwide Children's Hospital, German Village, and major highways, this property benefits from strong rental demand, continued neighborhood redevelopment, and excellent long-term appreciation potential.

Whether you're completing a 1031 exchange or expanding your multifamily portfolio, this is a rare opportunity to acquire a stabilized, income-producing asset with significant recent capital improvements and minimal deferred maintenance.
Please do not disturb tenants. Financials, rent roll, leases, and additional due diligence documents are available upon request after an acc
Listing Courtesy of COLUMBUS OH MLS / Listed By: Ryan Lawasani, Coldwell Banker Realty
$1,200,000 (USD)
Coming Soon

Newark Area Single-Family Home

Coming Soon

11344 Flint Ridge SE Road Newark, OH 43056

2 Bed
2 Baths
2472 sqft
Truly one-of-a-kind! Tucked away on 10 wooded acres, this home offers an incredible private retreat featuring two independent living spaces with a beautiful natural surrounding! The main residence showcases a warm, lodge-inspired design with approximately 2,786 square feet, highlighted by a spacious great room, beautiful wood floors, impressive stone fireplace, generous kitchen with Viking gas range, subzero refrigerator, first-floor living and wonderful screened outdoor living area overlooking the peaceful wooded setting. Adding tremendous value and flexibility is a separate living quarters offering nearly 1,400 square feet of finished living area complete with two bedrooms, two full bathrooms, kitchen, living area and an attached screened porch--ideal for extended family, guests, or additional recreational space. Rear inground pool surrounded by beautiful landscaping, multiple decks and patios, firepit, and open air entertaining pavilion great for hosting gatherings! The property also features a detached three car garage and 40'x30' outbuilding, providing outstanding space for vehicles, equipment, hobbies, a workshop or additional storage. Surrounded by mature woods and offering an exceptional sense of privacy, this remarkable property feels worlds away while remaining convenient to Newark, Heath and surrounding amenities. Whether envisioned as a full-time residence, multigenerational property or private weekend retreat, this property presents a rare opportunity to own a truly special piece of Licking County.
Listing Courtesy of COLUMBUS OH MLS / Listed By: Andrew Guanciale, Coldwell Banker Realty