About 1106-1116 Parsons Avenue
Exceptional 6-unit investment opportunity - Curb Offer Only - 100% Occupied. Fully renovated in 2022, this turnkey multifamily property offers stable cash flow and strong upside in a rapidly developing corridor just minutes from Downtown Columbus and Nationwide Children's Hospital. Situated on separate parcels, providing added flexibility for future refinancing, individual resale, or redevelopment potential.
Major capital improvements completed 2023-2025, including full electrical panel replacements in all six units (May 2025, $15,000 investment) bringing property to full code compliance and reducing insurance premiums from $700/month to $214/month -- approximately $5,800 in annual expense savings and immediate NOI improvement. Additional updates include new furnaces (Units 1106, 1110, 1116), new dishwashers (1106, 1108, 1110, 1112, 1116), new washer & dryer in Unit 1110 (landlord-owned), new water heater (1110), and new A/C unit (1112).
Well-maintained, income-producing asset with modern finishes, updated mechanicals, and strong rental demand. Ideal addition for investors seeking stabilized returns in a high-growth Columbus market. Serious inquiries only.
