$205,000
$229,900
10.8%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 04/24/2026
Key Details
Sold Price $205,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 226008369
Sold Date 04/24/26
Year Built 1956
Annual Tax Amount $3,141
Lot Size 6,534 Sqft
Lot Dimensions 0.15
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Turnkey investment opportunity with strong upside potential! This solid 1-story brick building features four 1-bedroom, 1-bath units, offering a straightforward and desirable layout for tenants.
Currently, three units are occupied with rents of $600, $595, and $195 (the $195 tenant assists with property maintenance), while one unit is vacant, providing immediate opportunity for an owner to increase cash flow. The property is significantly under-rented, with CMHA rents in the area reaching up to $1,166 including utilities, presenting a clear path to substantial income growth.
With its durable brick construction and manageable unit mix, this property is ideal for investors looking to stabilize, increase rents, and maximize returns. Whether you're expanding your portfolio or seeking a value-add opportunity, this property offers excellent income potential in a proven rental market.
Don't miss your chance to capitalize on this high-upside, income-producing asset!
Location
State OH
County Franklin
Area 0.15
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 010-001354
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