295 Thurman Avenue,Columbus, OH 43206
Columbus, OH 43206
Description
Rare opportunity to acquire a beautifully maintained 10-unit brick apartment building located on desirable Thurman Avenue in one of Columbus' most sought-after rental corridors. The apartments consist of 8 - 2 bedroom & 2 - 1 bedroom. All upstairs units have wooden floors. This property has 2 parking lots. Institutional-quality investment opportunity combines strong in-place income, extensive capital improvements, and exceptional long-term upside. The property features a proven mix of traditional leases and furnished monthly rentals, offering future owners multiple strategies to increase income. Pro forma operating scenarios demonstrate the potential for significant NOI growth through expanded furnished monthly rentals. Ownership has invested extensively in renovations and major mechanical improvements, minimizing near-term capital expenditures. The property has been professionally managed with meticulous attention to maintenance, tenant retention, and operational efficiency. Located just minutes from Downtown Columbus, Nationwide Children's Hospital, Schiller Park, restaurants, coffee shops, breweries, and the heart of German Village, this walkable location continues to attract strong rental demand from professionals, healthcare employees, graduate students, and long-term residents. Current 'Property Manager' is available to continue managing the property after the sale under a separate agreement, offering investors a unique opportunity to continue the property's proven operating model or expand it. Offering Memorandum available upon request. This property is Agent Owned.
Details
| MLS # | 226025465 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 98 |
| Listing Provided By | Keller Williams Capital Ptnrs | Rori Lowe |
Features
| Units | 10 |
|---|---|
| Building(s) | 3 |
| Zoning | R-2F |
| Acreage | 0.34 |
Taxes
| Property | 21328 |
|---|
Area Information
| State | OH |
|---|---|
| County | Franklin |
| City | Columbus |
| Zip Code | 43206 |
| Community Name | German/Merion Village Area |
| School District | COLUMBUS CSD 2503 FRA CO. |
| High School | COLUMBUS CSD 2503 FRA CO. |
| Listing VS Median (in German/Merion Village Area) | |
Price: $1,800,000 low | high Med: $0 On site: 98 low | high Med: | |
Market Activity 43206
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Learn More About This Property
| State | OH |
|---|---|
| County | Franklin |
| City | Columbus |
| Zip Code | 43206 |
| Community Name | German/Merion Village Area |
| School District | COLUMBUS CSD 2503 FRA CO. |
| High School | COLUMBUS CSD 2503 FRA CO. |
| Listing VS Median (in German/Merion Village Area) | |
Price: $1,800,000 low | high Med: $0 On site: 98 low | high Med: | |
 | $1,395,000870 Mohawk StreetColumbus, OH 43206 |