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$579,900
Est. payment /mo
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226015263
Year Built 1950
Annual Tax Amount $3,034
Lot Size 0.260 Acres
Lot Dimensions 0.26
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Fully leased turn-key 4-unit brick multifamily generating $4,875/mo in gross rent ($58,500 annually) on an oversized double lot (1/4+ acre), with current real estate taxes of just $3,065 per year and a 15-YEAR 100% TAX ABATEMENT PENDING -- a major value driver for investors and owner-occupants alike. All four units are large 1BD/1BA layouts at approximately 900 sq ft each. Three of the four units have been renovated and finished with white shaker-style cabinetry, granite counters, subway-tile backsplashes, stainless-steel appliances, recessed lighting, fresh paint, and wide-plank LVP flooring, while the original solid-wood trim and doors have been preserved to blend classic character with a clean, modern aesthetic. All four units are leased with staggered expirations through September 2027: three updated units at $1,325/mo, $1,250/mo, and $1,275/mo, plus a legacy unit at $1,025/mo. Tenants pay their own gas, electric, and internet and reimburse water, and the legacy unit offers a clear path to additional upside on turnover. New roof (2026), new garage doors and openers (2026), newer windows throughout, and central air in every unit. Each unit includes its own 1-car garage plus 2-3 additional off-street parking spots for the building, along with a dedicated basement storage room and private washer/dryer. The double lot offers generous green space for occupants to enjoy.
Location
State OH
County Franklin
Area 0.26
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 010-065432
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Listed by Jonathan Lorenz Lim Realty Group
Nearby Locations
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Donna Carstens
Auctioneer/Real Estate Agent License ID: 437075
Auctioneer/Real Estate Agent License ID: 437075