About 1084 E Hudson Street
1084 E Hudson St represents a rare mixed-use investment combining 13 residential units with a street-level retail tenant. Offered at $1.15M ($82k/unit including retail), this property gives investors a below-market entry basis with a strong repositioning story. The asset is currently underperforming, with most residential units needing renovation. However, market rents in Northeast Columbus/North Linden average over $1,200 per unit, providing a significant rent growth opportunity compared to the single occupied unit at $700/month. The retail tenant contributes $25k annually, providing income stability during the renovation period. At the asking price, the property supports an 11.3% pro forma cap rate, offering investors double-digit returns on a below-replacement-cost acquisition in a growth corridor of Columbus.
Features of 1084 E Hudson Street
| MLS® # | 225035535 |
|---|---|
| Price | $1,150,000 |
| Acres | 0.27 |
| Year Built | 1934 |
| Type | Multi-Family |
| Sub-Type | Midrise |
| Status | Active |
Community Information
| Address | 1084 E Hudson Street |
|---|---|
| Area | None |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43211 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
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Listing Details
| Office | Bastian Gehrer of Nai Ohio Equities, Realtors |
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