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$ 1,850,000
Est. payment | /mo
0.42 Acres Lot
$ 1,850,000
Est. payment | /mo
0.42 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225043111
Year Built 1969
Annual Tax Amount $12,750
Lot Size 0.420 Acres
Lot Dimensions 0.42
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
Discover an exceptional investment opportunity with this impeccably maintained U-shaped all-brick building, thoughtfully designed and ideally situated on the west side, close to popular restaurants, shopping, and convenient freeway access. The property features 11 well-appointed units, including four 3-bedroom, 1.5-bath units and seven 2-bedroom, 1.5-bath units, offering a highly desirable mix for strong tenant appeal.
An outstanding feature of this offering is the triple-net master lease with 2.5 years remaining, providing consistent and predictable revenue. The property is professionally managed by the tenant, minimizing owner involvement. The owner pays insurance and taxes upfront, with full reimbursement received over 12 months through the rent payments—an investor-friendly structure that simplifies operations and protects cash flow.
Each residence comes fully furnished by the master lessee, creating a turnkey experience and added value for residents. All units include central air, off-street parking, and private basements, which house washers and dryers owned by the master lessee—a rare and attractive amenity package in the multifamily market. Major improvements have already been addressed, including a new roof installed in 2021, ensuring long-term performance and reduced future maintenance costs.
With its strong income profile, minimal hands-on management, and prime west side location, this property represents a standout, worry-free addition to any investment portfolio.
An outstanding feature of this offering is the triple-net master lease with 2.5 years remaining, providing consistent and predictable revenue. The property is professionally managed by the tenant, minimizing owner involvement. The owner pays insurance and taxes upfront, with full reimbursement received over 12 months through the rent payments—an investor-friendly structure that simplifies operations and protects cash flow.
Each residence comes fully furnished by the master lessee, creating a turnkey experience and added value for residents. All units include central air, off-street parking, and private basements, which house washers and dryers owned by the master lessee—a rare and attractive amenity package in the multifamily market. Major improvements have already been addressed, including a new roof installed in 2021, ensuring long-term performance and reduced future maintenance costs.
With its strong income profile, minimal hands-on management, and prime west side location, this property represents a standout, worry-free addition to any investment portfolio.
Location
State OH
County Franklin
Area 0.42
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features Common
Schools
High Schools South Western Csd 2511 Fra Co.
School District South Western Csd 2511 Fra Co.
Others
Tax ID 240-004324
Listed by Richard Russo Rich Russo Realty & Co.