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$ 1,150,000
Est. payment /mo
Active
1084 E Hudson Street Columbus, OH 43211
0.27 Acres Lot
UPDATED:
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
Lot Dimensions 0.27
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
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.
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.
Others
Tax ID 010-100769
Listed by Bastian Gehrer NAI Ohio Equities, Realtors