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$ 949,900
Est. payment | /mo
3,920 Sqft Lot
$ 949,900
Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
Subdivision Olde Towne East/ Franklin Park
MLS Listing ID 226034614
Year Built 1900
Annual Tax Amount $1,596
Lot Size 3,920 Sqft
Lot Dimensions 0.09
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
100% tax abatement, 8.87% CAP RATE. Strong investment performance with cash flow from day one in this truly turnkey, full-brick 4-unit generating $90,364 in annual income, with existing leases and built-in annual rent increases supporting future growth without the need for lease-up or a future value-add. Operating expenses and maintenance remain exceptionally low thanks to the full gut renovation completed in 2019 with all new mechanicals, roof, windows, plumbing and electrical, followed by meticulous ownership, leaving the next owner with no known deferred maintenance. Each 2BR/2BA unit spans nearly 1,500 SF across two levels, with one bedroom and one full bath per floor plus separate exterior access, an ideal roommate layout. High-end finishes include Scandinavian-inspired design, Amish-built custom cabinetry, chic lighting, deluxe appliance packages and in-unit washer/dryers. Welcoming front porches and dedicated off-street parking complete the property. Convenient to Nationwide Children's Hospital, Downtown Columbus, John Glenn Airport, Franklin Park Conservatory, East Market and Olde Towne East. Monthly rents: 298 A: $1,825; 298 B: $1,938; 300 A: $1,829; 300 B: $1,938. One unit is month-to-month, offering flexibility for a buyer to owner-occupy/house hack. Agents, see A2A Remarks for tax abatement details
Location
State OH
County Franklin
Community Olde Towne East/ Franklin Park
Area 0.09
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-006972
Acceptable Financing Other, Conventional
Listing Terms Other, Conventional
Listed by Elisa M Lowe Keller Williams Consultants
NEARBY SCHOOL & BUSINESS
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