Multi Family In Columbus

Rare redevelopment opportunity in historic Olde Towne East, just minutes from Downtown Columbus. This massive four unit property offers approximately 6,569 square feet of planned living space and significant upside for an investor, developer, or builder ready to complete the renovation.

Approximately 40 to 50 percent of the work has been completed. Updated architectural plans reimagine the building as four spacious residences with modern layouts, large windows, private porch or balcony areas, generous living spaces, and desirable amenities. Improvements completed or underway include a new roof, two new furnaces, new plumbing, updated electrical, fresh exterior paint, extensive framing, and separate utility metering for each unit.

Planned layouts include:

(Unit A: 1,913 square feet, 2 bedrooms, 2.5 bathrooms)

(Unit B: 1,834 square feet, 3 bedrooms, 2.5 bathrooms)

(Unit C: 1,482 square feet, 2 bedrooms, 2.5 bathrooms)

(Unit D: 1,340 square feet, 2 bedrooms, 2.5 bathrooms)

The property also offers five garage spaces, including a three car detached garage and a planned two car attached garage, plus gated entry, a fenced 0.29 acre lot, and room for additional off street parking.
According to the seller, the property appraised for nearly $1,000,000 before renovations began. The seller has also been advised that the City may allow the units to be sold individually as condominiums, creating an additional potential exit strategy. Buyer to independently verify zoning, permits, approvals, square footage, plans, and intended use.
Located in one of Columbus’ most historic and architecturally distinctive neighborhoods, this property offers convenient access to Downtown Columbus, dining, entertainment, hospitals, employment centers, and major highways. Blueprints and architectural plans are available.