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$ 385,000
Est. payment | /mo
5,227 Sqft Lot
$ 385,000
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225036487
Year Built 1908
Lot Size 5,227 Sqft
Lot Dimensions 0.12
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Situated in one of Columbus's most vibrant and walkable neighborhoods, this duplex is surrounded by local shops and just minutes from OSU and downtown -- right next door to the new Casa Cacao coffee shop and its expansive outdoor patio.
Each side offers 3 generous bedrooms plus a bonus sunroom, with off-street private parking in the rear. With the property now fully leased, this is a true turnkey investment: step into immediate cash flow with two paying tenants in place, no vacancy to fill and no lease-up delay.
The 635 unit is leased at $1,220/month and the 363 unit is leased at $1,195/month. Average rents in the area run north of $1,500/month, reflecting strong upside potential as leases turn over. Both units are currently under market value with long-term tenants in place -- a great opportunity to step into stabilized rental income while positioning for future rent growth.
Please do not disturb tenants. Showings available by appointment once an offer is accepted.
Each side offers 3 generous bedrooms plus a bonus sunroom, with off-street private parking in the rear. With the property now fully leased, this is a true turnkey investment: step into immediate cash flow with two paying tenants in place, no vacancy to fill and no lease-up delay.
The 635 unit is leased at $1,220/month and the 363 unit is leased at $1,195/month. Average rents in the area run north of $1,500/month, reflecting strong upside potential as leases turn over. Both units are currently under market value with long-term tenants in place -- a great opportunity to step into stabilized rental income while positioning for future rent growth.
Please do not disturb tenants. Showings available by appointment once an offer is accepted.
Location
State OH
County Franklin
Area 0.12
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-056564-00
Listed by Ryan Deeter Real of Ohio