3244 E 5th Avenue, Columbus, Ohio, United States, 43219

340,000
for Sale
5,662.8

About the property:

Turnkey 3-unit apartment building positioned directly near the transformational $2 billion John Glenn Columbus International Airport expansion and redevelopment project! This high-growth location places the property in the path of continued economic investment, job growth, infrastructure improvements, and increasing housing demand on Columbus' east side. The asset features long-term tenants with an excellent payment history, providing immediate and reliable cash flow for investors seeking a stable multifamily property with future upside potential. With minimal deferred maintenance and 2,484 finished square feet consisting of one 1bed/1ba ($800), one 2bed/1ba ($832), and one 3bed/1ba ($1325). This is a strong turnkey addition to any portfolio. Beyond its current performance as a long-term rental, the property is exceptionally well positioned for future mid-term or short-term rental use due to its close proximity to the airport, downtown Columbus, and major employment hubs. The surrounding airport expansion is expected to drive continued demand from traveling professionals, airline personnel, contractors, and visitors seeking convenient accommodations near one of the region's largest infrastructure investments. 3244 E Fifth Ave offers investors the rare combination of in-place income, strategic location, and long-term growth potential in one of Columbus' rapidly evolving corridors.
Property Type:
Townhouse
Status:
for Sale
House Style:
Other
Acres:
0.13
Cross Street:
5th
Is Apartment:
Yes
Is Building:
Yes
Is Investment:
Yes
Is Other:
Yes
Is Unit:
Yes
Annual Property Taxes:
3,336
Listing ID:
226028964

Rooms

Dimensions

Brokered by:
Forge Real Estate Advisors
Presented By: