1555 Myrtle Avenue

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1555 Myrtle Avenue

Columbus, OH 43211
Asking Price
$250K
Asset Type
Multifamily
Class
Class B

What's Special

1555 Myrtle Avenue is situated in the North Linden neighborhood of Columbus, Ohio. The property is positioned within a primarily residential district characterized by established tree-lined streets and proximity to local parks. Residents have access to essential retail amenities along the nearby Cleveland Avenue and Westerville Road corridors. The location is well-served by the Central Ohio Transit Authority (COTA) bus network, providing direct transportation links to the downtown business district and Northern Columbus employment hubs. Proximity to Interstate 71 further facilitates regional accessibility for commuters. The asset is structured for multifamily residential use, offering a layout suitable for value-add renovation or stable long-term hold strategies. The typical tenant profile consists of local workforce professionals and small households seeking functional, budget-conscious housing with reliable access to urban services. Given the neighborhood's density and the consistent demand for rental units in the Columbus market, the property serves as a conventional residential investment. The site is appropriate for owners looking to provide housing that bridges the gap between suburban residential living and downtown proximity.

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NOI
$80,000
Cap Rate
32.00%
DSCR
5.39
Strong
Cash-on-Cash
86.88%
Monthly Payment
$1,236.864
Annual Cash Flow
$65,157.637

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