OH > Columbus > Merion Village
Columbus, OH 43206,12641270 S High Street
Columbus, OH 43206,12641270 S High Street
Columbus, OH 43206,12641270 S High Street
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$2,700,000
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7,405 Sqft Lot
Price Dropped by $100K

12641270 S High Street Columbus, OH 43206

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Hasina Nelson

Hasina Nelson

+1(614) 743-1884

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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Merion Village

MLS Listing ID 225013769

Originating Board Columbus and Central Ohio Regional MLS

Year Built 1939

Annual Tax Amount $21,726

Lot Size 7,405 Sqft

Lot Dimensions 0.17

Property Sub-Type Mixed Use

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

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Hasina Nelson

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12641270 S High Street

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