Attention investors. This solid brick four-unit features four two-bedroom townhouse-style apartments in an excellent Old North Columbus location. Walkable to cafes, neighborhood shopping, the bus line, and the bike path--this is exactly where long-term rental demand stays strong.Current rents are $1,100, $1000, $1,000, and $1,040, with market rents closer to $1,200 per unit, offering clear value-add potential through rent growth and selective updates. Two of the units have central air; the interior units do not and feature older furnaces--giving the next owner a straightforward path to improving cash flow.Owner pays water and sewer; tenants pay electric. Brick construction, a proven unit mix, and a location that continues to appreciate make this a strong long-term hold or repositioning opportunity in one of Columbus's most consistent rental corridors.Opportunities like this in Old North don't last--move on it.
Listed By
Agency Name: Keller Williams Capital Ptnrs
Agency Phone: 614-888-1000
Agent Name: Joseph C Jackson
Shown By
Agent Name: John Yoder Team
Agent Phone: Cell: (740) 398-2532
Agency Title: Key Realty
Estimated Payment
$ 3,940.21 per month $3,076.54 Principal & Interest $703.25 Property Tax $160.42 Homeowner's InsuranceIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
2540 Neil Avenue | MLS# 226000241
This multi-family property located at 2540 Neil Avenue, Columbus, OH 43202 is currently listed for sale with an asking price of $550,000. Neil Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on www.johnyoderteam.com today.