OH > Columbus
Columbus, OH 43201,464482 E Norwich Avenue
Columbus, OH 43201,464482 E Norwich Avenue
Columbus, OH 43201,464482 E Norwich Avenue
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$2,100,000
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0.57 Acres Lot
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464482 E Norwich Avenue Columbus, OH 43201

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Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225019919

Year Built 1956

Annual Tax Amount $44,073

Lot Size 0.570 Acres

Lot Dimensions 0.57

Property Sub-Type Apartment

Source Columbus and Central Ohio Regional MLS

Property Description

Norwich Court Apartments is a 20-unit multifamily property located in Columbus's highly desirable University District, just minutes from The Ohio State University. The unit mix consists of 12 one-bedroom/one-bath apartments and 8 two-bedroom/one-bath townhome-style units, catering to steady demand in this well-established rental market. The property currently generates $16,945 per month in rental income, with four vacant units offering immediate lease-up upside and the potential to further increase cash flow. Originally built in 1956 and well maintained, recent improvements include a newly paved front parking lot completed in 2023, enhancing both curb appeal and tenant convenience. Additional amenities such as on-site laundry facilities add to the property's renter appeal. With a prime location, consistent income, and operational upside, Norwich Court presents a compelling investment opportunity in one of Columbus's most proven and stable submarkets.

Location

State OH

County Franklin

Area 0.57

Rooms

Other Rooms None

Dining Room No

Interior

Heating Forced Air

Equipment No

Laundry No Laundry Rooms

Schools

High Schools Columbus Csd 2503 Fra Co.

Others

Tax ID 010-036824

Listed by Zeke Liston Verti Commercial Real Estate L

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Mainstream Realty Pros

Your Family. Your Investment. Your Home. | BRKP.2015001125

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