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$1,200,000 (USD)
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Columbus Area Multi-Family

Active

1106-1116 Parsons Avenue Columbus, OH 43206

Bed
0 Baths
sqft
MLS# 226023174
Turnkey 6-Unit Multifamily Investment | Strong Cash Flow | Major Capital Improvements Completed

Exceptional opportunity to acquire a fully occupied 6-unit apartment building in one of Columbus' rapidly growing investment corridors. The property consists of **five 2-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit**, offering a desirable unit mix with strong rental demand.

Currently **100% occupied**, the property generates **$100,920 in annual gross income** and **$71,429 in net operating income**, providing immediate cash flow for investors. Long-term leases are in place, creating stable income from day one.

Ownership has invested substantially in the property with **major capital improvements completed between 2023 and 2025**. In **May 2025**, all **six electrical panels were replaced**, bringing the property into full code compliance. This $15,000 improvement also reduced insurance costs from approximately **$700 per month to just $214 per month**, creating an estimated **$5,800 in annual operating expense savings** and improving overall cash flow.

Additional updates include **new furnaces in Units 1106, 1110, and 1116**, **new dishwashers in Units 1106, 1108, 1110, 1112, and 1116**, a **new landlord-owned washer and dryer in Unit 1110**, a **new water heater in Unit 1110**, and a **new A/C unit in Unit 1112**.

Conveniently located just minutes from Downtown Columbus, Nationwide Children's Hospital, German Village, and major highways, this property benefits from strong rental demand, continued neighborhood redevelopment, and excellent long-term appreciation potential.

Whether you're completing a 1031 exchange or expanding your multifamily portfolio, this is a rare opportunity to acquire a stabilized, income-producing asset with significant recent capital improvements and minimal deferred maintenance.

Please do not disturb tenants. Financials, rent roll, leases, and additional due diligence documents are available upon request after an a
Listing Courtesy of COLUMBUS OH MLS / Listed By: Ryan Lawasani, Coldwell Banker Realty
$1,200,000 (USD)
Active

Olentangy Falls Area Single-Family Home

Active

1002 Rambling Brook Way Delaware, OH 43015

6 Bed
5 Baths
3720 sqft
MLS# 226018069
Tucked away on Olentangy Fall's most picturesque tree-lined street this peaceful setting creates a welcoming sense of warmth that is hard to find. This inviting property blends timeless character with thoughtful updates and exceptional entertaining spaces, offering the perfect balance of comfort and style.Step inside to discover a bright interior filled with natural light, spacious living areas and a flowing floor plan designed for both everyday living and memorable gatherings. The main level features generous living and dining spaces, a spacious kitchen and comfortable areas to relax while enjoying views of the beautiful backyard and surrounding greenery. Large windows throughout the home bring the outdoors in and highlight the serene setting that makes this street so special. Upstairs, spacious bedrooms provide peaceful retreats with plenty of closet space and room to grow. The home has been lovingly cared for and thoughtfully designed to offer flexibility for today's lifestyle, whether you need space for family, guests, hobbies or multiple home offices.
The true showstopper lies downstairs, where entertainment and character take center stage. Beyond the living space and 6th bedroom, you'll uncover a hidden speakeasy-style bar that feels like a private escape right out of another era. Rich details, moody ambiance and a tucked-away design make this one-of-a-kind space ideal for hosting friends, game nights, bourbon tastings or simply unwinding at the end of the day. It is a rare feature that transforms the lower level into an unforgettable experience. Outside, enjoy the peaceful backyard surrounded by mature trees, creating a private setting for relaxing evenings or weekend gatherings. Located close to parks, schools, shopping, and everything Olentangy Schools has to offer, this home combines charm, location and unique personality in a way that is truly hard to replicate, this is more than a home, it is a lifestyle filled with comfort and unforgettable character.
Listing Courtesy of COLUMBUS OH MLS / Listed By: Krystin Macaluso, Coldwell Banker Realty