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1084 E Hudson St 13 Unit Apartment Building $1,186,532 CAD ($91,272 CAD/Unit) 12.39% Cap Rate Columbus, OH 43211
INVESTMENT HIGHLIGHTS
- Unit Mix: 12 × 1BR/1BA, 1 × 2BR/1BA, 1 Retail Suite
- Current Residential Rent: $700/Unit (Significant Upside to Market)
- Pro Forma Cap Rate @ Ask: 9.16%
- Retail Tenant in Place: $2,100/Mo ($25K/YR) Provides Steady Income During Repositioning
- Market Rents (North Linden/Northeast Columbus): ~$1,200+/Unit Average (+1.7% YoY Growth)
- Below Replacement Cost: $82K/Unit vs. Recent Comps at $90K–$120K/Unit
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $1,186,532 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $91,272 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 12.39% | Building Size | 8,953 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2007 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Zoning | UGN-1 | ||
| Price | $1,186,532 CAD |
| Price Per Unit | $91,272 CAD |
| Sale Type | Investment |
| Cap Rate | 12.39% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 8,953 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2007 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | UGN-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $977.14 CAD | 598 |
| 2+1 | 1 | - | 837 |
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PROPERTY TAXES
| Parcel Number | 010-100769 | Improvements Assessment | $25,128 CAD |
| Land Assessment | $3,257 CAD | Total Assessment | $28,385 CAD |
PROPERTY TAXES
Parcel Number
010-100769
Land Assessment
$3,257 CAD
Improvements Assessment
$25,128 CAD
Total Assessment
$28,385 CAD
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1084 E Hudson St
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