Description
15-YEAR 100% TAX ABATEMENT! Current annual taxes are $24,307, significantly increasing NOI over the next 15 years as any increase to the taxable improvement value will be abated. Remodeled 16-unit apartment complex located in Schumacher Place. 100% LEASED with rents grossing over $28,500 per month. Ready for a turn-key or 1031 investor looking for a newly finished multi-family asset. Completed in 2024/2025, both buildings have all new windows, roof, siding, doors and M/E/Ps. Eight 1 bed/1 bath flats, four 2 bed/1 bath flats, and four 2 bed/1 bath townhomes all feature vinyl plank flooring, LED lighting, white shaker cabinets, granite countertops, stainless appliances, and in-unit washers/dryers. Newly resurfaced parking lot striped offers 20 off-street parking spaces for building tenants. Professional management in place. Close proximity to Downtown Columbus, Nationwide Children's Hospital and the shops/restaurants in German Village.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
Description
15-YEAR 100% TAX ABATEMENT! Current annual taxes are $24,307, significantly increasing NOI over the next 15 years as any increase to the taxable improvement value will be abated. Remodeled 16-unit apartment complex located in Schumacher Place. 100% LEASED with rents grossing over $28,500 per month. Ready for a turn-key or 1031 investor looking for a newly finished multi-family asset. Completed in 2024/2025, both buildings have all new windows, roof, siding, doors and M/E/Ps. Eight 1 bed/1 bath flats, four 2 bed/1 bath flats, and four 2 bed/1 bath townhomes all feature vinyl plank flooring, LED lighting, white shaker cabinets, granite countertops, stainless appliances, and in-unit washers/dryers. Newly resurfaced parking lot striped offers 20 off-street parking spaces for building tenants. Professional management in place. Close proximity to Downtown Columbus, Nationwide Children's Hospital and the shops/restaurants in German Village.
© 2025 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CARLETON REALTY, LLC. Data last updated: 2025-04-29T22:52:24.503.