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Joseph Speakman

sales@josephspeakman.com +1(614) 607-3691

$ 949,900

Est. payment | -/mo

3,920 Sqft Lot

Save

$ 949,900

Est. payment | -/mo

Save

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. Strong investment performance with an estimated 1.37 DSCR based on lender-provided financing terms. Cash flow from day one in this truly turnkey, full-brick 4-unit generating $90,364 in annual income, with 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, and meticulous ownership thereafter leaving the next owner with no known deferred maintenance. Beginning in 2023, two corporate tenant-operated short-term rental units have been responsible for their own routine maintenance under their leases, helping make the property easy to self-manage while further reducing operating expenses. 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. One furnished unit is currently month-to-month, offering flexibility for a buyer to owner-occupy/house hack. Convenient to Nationwide Children's Hospital, Downtown Columbus, John Glenn Airport, Franklin Park Conservatory, East Market and Olde Towne East. Rent: 298 A: $1825, 298 B: $1,938, 300 A: $1,829, 300 B: $1,938.00. Expenses include taxes, insurance & water, property is self managed.

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 SCHOOLS & PROPERTIES

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(614) 607-3691

sales@josephspeakman.com

800 N High St, Columbus, OH 43215, USA

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300 Wilson Avenue #298 Columbus, OH 43205