Microliving @ 260 S 4th Street | 260 S 4th St
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Microliving @ 260 S 4th Street 260 S 4th St
51 Unit Apartment Building $7,900,000 ($154,902/Unit) 5.55% Cap Rate Columbus, OH 43215
Investment Highlights
- High end apartments
- Separately fenced storage units in basement
- Anchored by long term tenant Hadley’s Kitchen
- Elevator apartment building with separate utilities
- Additional revenue with banner advertisements on south facing façade along with 55-space parking lot adjacent to building
- Only one block off of the Columbus Commons
Executive Summary
In the heart of Downtown Columbus, Ohio, the Stoddart Building, a National Historic Landmark since 1994, boasts a rich history. Constructed in 1911 by local architects David Riebel & Sons.
This five-story architectural marvel features a red brick exterior, a flat roof, and a steel-reinforced concrete structure. With three bays on the west side and six on the north, it's a captivating example of timeless design. The top floor proudly bears the inscription "Stoddart 1911."
In 2017, the building underwent a meticulous renovation that included the removal of all interior walls and a new mechanical system while still preserving its historical grandeur and façade. The Stoddart Building, situated at what is now the “Red Brick District”, S. 4th Street and Main Street in Columbus, Ohio, has evolved with the times. In 2017, it transformed into 52 apartments, breathing new life into this historic masterpiece. New ownership will benefit from upward pressure or rents and on billboard signage. Additionally, new ownership will capitalize on parking revenue generated from 55-space parking lot located directly south of the building in the Downtown market.
This five-story architectural marvel features a red brick exterior, a flat roof, and a steel-reinforced concrete structure. With three bays on the west side and six on the north, it's a captivating example of timeless design. The top floor proudly bears the inscription "Stoddart 1911."
In 2017, the building underwent a meticulous renovation that included the removal of all interior walls and a new mechanical system while still preserving its historical grandeur and façade. The Stoddart Building, situated at what is now the “Red Brick District”, S. 4th Street and Main Street in Columbus, Ohio, has evolved with the times. In 2017, it transformed into 52 apartments, breathing new life into this historic masterpiece. New ownership will benefit from upward pressure or rents and on billboard signage. Additionally, new ownership will capitalize on parking revenue generated from 55-space parking lot located directly south of the building in the Downtown market.
Property Facts
| Price | $7,900,000 | Apartment Style | Mid Rise |
| Price Per Unit | $154,902 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.55% | Building Size | 31,066 SF |
| No. Units | 51 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1911/2014 |
| Property Subtype | Apartment | Parking Ratio | 2.58/1,000 SF |
| Price | $7,900,000 |
| Price Per Unit | $154,902 |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 31,066 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1911/2014 |
| Parking Ratio | 2.58/1,000 SF |
Unit Amenities
- Air Conditioning
- Hardwood Floors
- Wheelchair Accessible (Rooms)
Site Amenities
- Fitness Center
- Laundry Facilities
- On-Site Retail
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 51 | - | 253 - 310 |
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Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 010-049245 | Improvements Assessment | $1,375,330 |
| Land Assessment | $75,600 | Total Assessment | $1,450,930 |
PROPERTY TAXES
Parcel Number
010-049245
Land Assessment
$75,600
Improvements Assessment
$1,375,330
Total Assessment
$1,450,930
zoning
| Zoning Code | DD |
| DD |
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Microliving @ 260 S 4th Street | 260 S 4th St
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