5835-41 & 5851 N. High Street

5835 North High Street, Columbus, OH 43085

Description

Brown Multifamily Advisors is pleased to offer for sale 5835-41 & 5851 N. High Street, an 8-unit multifamily investment opportunity in Riverlea (Worthington), Ohio.  The property, consisting of three parcels totaling 0.74 acres on the northwest corner of N. High Street and Riverglen Drive, was built in 1938 and is just one block south of historic Old Worthington. The asset’s exceptional location, large lot on N. High Street and value-add potential add up to a very rare investment opportunity.

The property is improved with two 4-unit buildings: 5835-41 N. High Street contains  4 – two-bedroom / one-bath townhouse units with full basements and one-car attached garages and 5851 N. High Street contains 4 – two-bedroom / one-bath flats with a shared basement and off-street parking behind the building.  Two units are currently vacant and rents are well below market on month-to-month leases, which presents a new owner with the potential to make improvements and set rents to market.  The site’s 0.74 acres along N. High Street a block from Old Worthington may also present an investor with an appealing redevelopment opportunity.

Detail

Updated on May 26, 2021 at 3:24 pm

  • Property ID: 10063
  • Property Type: Multifamily Unit
  • Property Status: Recently Sold

Additional details

  • Total Units: 8
  • Unit Mix: 4 - 2 BD townhouses; 4 - 2 BD flats
  • Total Square Footage: 8,310
  • Year Built: 1938
  • Acreage: 0.74
  • Address: 5835-41 & 5851 North High Street, Riverlea, OH
  • City: Riverlea
  • State/county: Ohio
  • Zip/Postal Code: 43085
  • Country: United States

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