1084 E Hudson Street new Save Request In-Person Tour Request Virtual Tour
Columbus,OH 43211
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225035535
Year Built 1934
Annual Tax Amount $1,494
Lot Size 0.270 Acres
Property Sub-Type Midrise
Property Description
1084 E Hudson St represents a rare mixed-use investment combining 13 residential units with a street-level retail tenant. Offered at $1.15M ($82k/unit including retail), this property gives investors a below-market entry basis with a strong repositioning story.
The asset is currently underperforming, with most residential units needing renovation. However, market rents in Northeast Columbus/North Linden average over $1,200 per unit, providing a significant rent growth opportunity compared to the single occupied unit at $700/month. The retail tenant contributes $25k annually, providing income stability during the renovation period.
At the asking price, the property supports an 11.3% pro forma cap rate, offering investors double-digit returns on a below-replacement-cost acquisition in a growth corridor of Columbus.
Location
State OH
County Franklin
Area 0.27
Zoning UGN-1
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.