Map
Listed price in listed location currency (USD).
$725,000

000

MLS® 226032175

Overview

Key Facts

Type Mixed Use
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes $6,804
Days Active 1
Approx. Age 1940
MLS® Number 226032175

Property Address: 1084-1086 E Hudson Street, Columbus, OH, 43211

Average square foot calculated using Size range provided by listing agent.

Description

Mixed-use value-add -- thirteen 1BR/1BA units plus one commercial storefront, twelve residential units delivered vacant. This is a heavy value-add project, not a stabilized asset. The twelve vacant residential units require substantial renovation before they can be leased, and pricing reflects that condition. Buyers should underwrite a full gut-and-turn budget across the vacant unit mix plus a realistic lease-up period. In-place income is one residential unit at $700/month and the commercial suite leased to MetroPCS at $1, 300/month, both month-to-month. A recent appraisal concluded an as-is value of $800, 000 for the residential component; the commercial suite was excluded from that valuation. The return is on the other side of the renovation. CMHA's 2026 payment standard for a 1BR in the 43211 ZIP code is $980/month, effective 8/1/2026 -- a gross figure inclusive of the tenant utility allowance, with final contract rent subject to CMHA rent reasonableness and HQS approval. Against $700 in place, a renovated unit mix leased to voucher holders supports a materially higher rent roll, and a new owner executes the full turn and lease-up without relocating existing residents. Linden location, minutes from the Linden Community Center, I-71 and Easton, with COTA service on the corridor.
MLS® Number226032175
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1940
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/CNone

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties