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$ 1,500,000
Est. payment | /mo
435 Sqft Lot
$ 1,500,000
Est. payment | /mo
435 Sqft Lot
Key Details
Property Type Multi-Family, Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226028021
Year Built 1940
Annual Tax Amount $17,531
Lot Size 435 Sqft
Lot Dimensions 0.01
Property Sub-Type Townhouse
Source Columbus and Central Ohio Regional MLS
Property Description
Rare opportunity to acquire 100% ownership of a 7-unit condominium community in one of Columbus' fastest-growing investment corridors. Unlike a traditional condominium investment, this offering includes all seven units, providing complete control of the entire community while generating immediate cash flow and offering significant long-term appreciation and development potential.
The fully occupied property currently generates $11,850 in gross monthly rental income and features a strong mix of long-term and short-term tenants, creating stable in-place income with opportunities to further optimize returns. The portfolio consists of one (1) 3-bedroom, 1-bath unit, one (1) 2-bedroom, 2-bath unit, and five (5) 2-bedroom, 1-bath townhouse-style units. The spacious townhouse layouts continue to attract strong tenant demand and provide an attractive alternative to traditional apartment living.
Ideally positioned directly across from Franklin Park Conservatory and Botanical Gardens, this property offers an unbeatable location just minutes from Downtown Columbus. Residents enjoy convenient access to restaurants, coffee shops, shopping, entertainment, major employers, hospitals, and the region's primary transportation corridors, making it one of the city's most desirable rental locations.
In addition to its strong cash flow, the property presents a compelling future development opportunity. Located in a rapidly appreciating area experiencing substantial public and private investment, the site offers investors the ability to generate income today while exploring redevelopment, expansion, or repositioning opportunities in the future.
Whether you're seeking a stabilized, income-producing asset, a value-add investment, or a strategic long-term hold in one of Central Ohio's strongest growth markets, this unique portfolio offers an exceptional combination of location, cash flow, and future upside.
The fully occupied property currently generates $11,850 in gross monthly rental income and features a strong mix of long-term and short-term tenants, creating stable in-place income with opportunities to further optimize returns. The portfolio consists of one (1) 3-bedroom, 1-bath unit, one (1) 2-bedroom, 2-bath unit, and five (5) 2-bedroom, 1-bath townhouse-style units. The spacious townhouse layouts continue to attract strong tenant demand and provide an attractive alternative to traditional apartment living.
Ideally positioned directly across from Franklin Park Conservatory and Botanical Gardens, this property offers an unbeatable location just minutes from Downtown Columbus. Residents enjoy convenient access to restaurants, coffee shops, shopping, entertainment, major employers, hospitals, and the region's primary transportation corridors, making it one of the city's most desirable rental locations.
In addition to its strong cash flow, the property presents a compelling future development opportunity. Located in a rapidly appreciating area experiencing substantial public and private investment, the site offers investors the ability to generate income today while exploring redevelopment, expansion, or repositioning opportunities in the future.
Whether you're seeking a stabilized, income-producing asset, a value-add investment, or a strategic long-term hold in one of Central Ohio's strongest growth markets, this unique portfolio offers an exceptional combination of location, cash flow, and future upside.
Location
State OH
County Franklin
Area 0.01
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 010-205870
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Kendall M Davis Douglas & Associates Realty
Nearby Locations
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