295 Thurman Avenue, Columbus, Ohio, United States, 43206

1,800,000
for Sale
14,810.4

About the property:

Rare opportunity to acquire a beautifully maintained 10-unit brick apartment building located on desirable Thurman Avenue in one of Columbus' most sought-after rental corridors. The apartments consist of 8 - 2 bedroom & 2 - 1 bedroom. All upstairs units have wooden floors. This property has 2 parking lots. Institutional-quality investment opportunity combines strong in-place income, extensive capital improvements, and exceptional long-term upside. The property features a proven mix of traditional leases and furnished monthly rentals, offering future owners multiple strategies to increase income. Pro forma operating scenarios demonstrate the potential for significant NOI growth through expanded furnished monthly rentals. Ownership has invested extensively in renovations and major mechanical improvements, minimizing near-term capital expenditures. The property has been professionally managed with meticulous attention to maintenance, tenant retention, and operational efficiency. Located just minutes from Downtown Columbus, Nationwide Children's Hospital, Schiller Park, restaurants, coffee shops, breweries, and the heart of German Village, this walkable location continues to attract strong rental demand from professionals, healthcare employees, graduate students, and long-term residents. Current 'Property Manager' is available to continue managing the property after the sale under a separate agreement, offering investors a unique opportunity to continue the property's proven operating model or expand it. Offering Memorandum available upon request. This property is Agent Owned.
Property Type:
Apartment
Status:
for Sale
House Style:
Other
Acres:
0.34
Subdivision:
German/Merion Village Area
Cross Street:
Jaeger
Is Apartment:
Yes
Is Building:
Yes
Is Coffee:
Yes
Is Investment:
Yes
Is Institutional:
Yes
Is Multiple:
Yes
Is Mix:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Unit:
Yes
Annual Property Taxes:
21,328
Listing ID:
226025465

Rooms

Dimensions

Brokered by:
Keller Williams Capital Ptnrs
Presented By: