About 464-482 E Norwich Avenue
Norwich Court Apartments is a 20-unit multifamily property located in Columbus's highly desirable University District, just minutes from The Ohio State University. The unit mix consists of 12 one-bedroom/one-bath apartments and 8 two-bedroom/one-bath townhome-style units, catering to steady demand in this well-established rental market. The property currently generates $16,945 per month in rental income, with four vacant units offering immediate lease-up upside and the potential to further increase cash flow. Originally built in 1956 and well maintained, recent improvements include a newly paved front parking lot completed in 2023, enhancing both curb appeal and tenant convenience. Additional amenities such as on-site laundry facilities add to the property's renter appeal. With a prime location, consistent income, and operational upside, Norwich Court presents a compelling investment opportunity in one of Columbus's most proven and stable submarkets.
Features of 464-482 E Norwich Avenue
| MLS® # | 225019919 |
|---|---|
| Price | $1,999,999 |
| Acres | 0.57 |
| Year Built | 1956 |
| Type | Multi-Family |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 464-482 E Norwich Avenue |
|---|---|
| Area | None |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43201 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air, Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
|---|
Listing Details
| Office | Zeke Liston of Verti Commercial Real Estate L |
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