477 E Columbus Street, Columbus, OH 43206

$1,450,000
Property Type: Multi-Family Lot Size (sq. ft.): 11,326 Status: Closed
Current Price: $1,450,000 List Date: 12/02/2024 Last Modified: 2/11/2025

Overview

Description

Once in a lifetime opportunity to own multifamily in the Schumacher Place/German Village area on a DOUBLE LOT! This fully renovated 1 bed-1bath ten-unit apartment building has had nearly everything done to it. All interior with new LVP, kitchens with granite countertops, washer/dryer hookups, doors. All exterior capex including exterior doors, roof. staircase, sidewalks/concrete, parking lot asphalt, etc. These units would make great short or mid-term rentals with Nationwide Children's Hospital being a very short walking distance from the property. There is an opportunity to re-parcel the second lot where the community garden is and prospectively do a ground up development. Tax abatement application to be filed prior to close. Listing agent is the owner.

Listing Details MLS# 224041915

Location Property Info

Original List Price
1450000
Property Sub Type
Flat
Street #
477
Street PreDirection
E
Street Name
Columbus
Street Suffix
Street
County
Franklin
State
OH
Zip Code
43206
School District
COLUMBUS CSD 2503 FRA CO.
Township
None

OfficeContract Info

MLS Entry Date
2024-12-02

General Property Info

Number of Units
10
Building Sqft
4800
Year Built
1960
Built Prior to 1978
Yes
Acreage
0.26

Tax Info

Parcel #
010-017745
Tax Year
2023
Tax Abatement
Yes
Abatement End Date
2040-01-02
Taxes (Yrly)
16841

Status Change Info

Under Contract Date
2024-12-05
Sold Date
2025-02-10
Sold Price/SqFt
302.08

1 Bedroom

1 Bedroom # of Units
10

More Information

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
302.08
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
No

Remarks & Misc

Property Description
Once in a lifetime opportunity to own multifamily in the Schumacher Place/German Village area on a DOUBLE LOT! This fully renovated 1 bed-1bath ten-unit apartment building has had nearly everything done to it. All interior with new LVP, kitchens with granite countertops, washer/dryer hookups, doors. All exterior capex including exterior doors, roof. staircase, sidewalks/concrete, parking lot asphalt, etc. These units would make great short or mid-term rentals with Nationwide Children's Hospital being a very short walking distance from the property. There is an opportunity to re-parcel the second lot where the community garden is and prospectively do a ground up development. Tax abatement application to be filed prior to close. Listing agent is the owner.

Income/Expenses

Gross Income
1
Net Operating Income
1
Total Expenses
1

Addl Acceptance Cond

None Known
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: Reafco
Listing Agent: Markus J Atkins
Last Updated: February - 11 - 2025
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