Turnkey 3-unit apartment building positioned directly near the transformational $2 billion John Glenn Columbus International Airport expansion and redevelopment project! This high-growth location places the property in the path of continued economic investment, job growth, infrastructure improvements, and increasing housing demand on Columbus' east side.The asset features long-term tenants with an excellent payment history, providing immediate and reliable cash flow for investors seeking a stable multifamily property with future upside potential. With minimal deferred maintenance and 2,484 finished square feet consisting of one 1bed/1ba ($800), one 2bed/1ba ($832), and one 3bed/1ba ($1325). This is a strong turnkey addition to any portfolio.Beyond its current performance as a long-term rental, the property is exceptionally well positioned for future mid-term or short-term rental use due to its close proximity to the airport, downtown Columbus, and major employment hubs. The surrounding airport expansion is expected to drive continued demand from traveling professionals, airline personnel, contractors, and visitors seeking convenient accommodations near one of the region's largest infrastructure investments.3244 E Fifth Ave offers investors the rare combination of in-place income, strategic location, and long-term growth potential in one of Columbus' rapidly evolving corridors.
Listed By
Agency Name: Red 1 Realty
Agent Name: David Spurlock
Agency Phone: 614-585-9020
Shown By
Agent Name: Lisa Smith
Agent Phone: Cell: (419) 304-0111
Agency Title: Key Realty
Estimated Payment
$ 2,523.05 per month $2,128.97 Principal & Interest $277.42 Property Tax $116.67 Homeowner's Insurance
3244 E 5th Avenue | MLS# 226016519
This multi-family property located at 3244 E 5th Avenue, Columbus, OH 43219 is currently listed for sale with an asking price of $400,000. E 5th Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on lisasmith.ikeyrealty.com today.