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$ 375,000
Est. payment | /mo
$ 375,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226009761
Year Built 1927
Annual Tax Amount $6,041
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Fully renovated and positioned for multiple exit strategies, this duplex offers a rare combination of quality, flexibility, and long-term upside. Taken down to the studs in 2023, both units feature all-new electrical, plumbing, HVAC, roof, siding, windows and basement waterproofing system. This is a true rebuild, not a surface-level renovation, giving investors confidence in lower maintenance and more predictable operating costs. Each unit offers 2 bedrooms and 2 full bathrooms with a functional layout that attracts strong tenant demand. Full unfinished basements on both sides provide additional storage and potential for future value-add. Tenants also enjoy private outdoor spaces with a privacy fence, along with a detached two-car garage, a major advantage for rentability. Located just off 5th Avenue with immediate access to I-71, the property sits in a high-demand rental corridor with easy access to downtown Columbus and key employment centers. The property is fully occupied, delivering immediate cash flow from day one. What sets this opportunity apart is its built-in flexibility. The property has already been rezoned as condominiums, with an HOA in place. This gives a future owner the ability to sell the units individually, creating a clear exit strategy beyond traditional hold scenarios. In addition, the sale includes an adjacent vacant lot that is potentially buildable, opening the door for further development or expansion. Whether you're looking for a stabilized long-term rental, a short-term rental play, a condo conversion exit, or future development potential, this property checks every box. Opportunities of this level of optionality and execution are hard to come by in Columbus. Seller is a Realtor in Ohio.
Location
State OH
County Franklin
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features Garage Door Opener
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-306054-00
Acceptable Financing FHA, Conventional
Listing Terms FHA, Conventional
Listed by Shaun Hood Coldwell Banker Realty
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