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$ 1,399,999
Est. payment | /mo
0.78 Acres Lot
$ 1,399,999
Est. payment | /mo
0.78 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Independence Village
MLS Listing ID 226030558
Year Built 1987
Annual Tax Amount $12,236
Lot Size 0.780 Acres
Lot Dimensions 0.78
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Rare multi-unit investment opportunity in Reynoldsburg featuring eight townhome-style residences across four separate buildings, all situated on one parcel within the Groveport Madison School District. Each building includes two units, with every residence offering 3 bedrooms, 2.5 baths, an attached garage and basement--an appealing combination of space, privacy and functionality. Seven of the eight units have undergone recent renovations, providing an attractive blend of updated residences, immediate income and future upside.
Seven units are currently renting for approximately $1,600 per month, while the remaining unrenovated unit is leased at a lower rate, creating additional income potential with future improvements. Each residence is separately metered for gas, electric and water, with tenants responsible for all utilities, helping keep ownership expenses efficient.
Private entrances, garage parking and basement space give each residence a true townhome feel, while the four-building configuration allows for efficient management of all eight units in one location. Conveniently located near major roadways, shopping, dining and employment centers. A unique opportunity to acquire a substantial, income-producing multifamily asset with strong existing rents and additional upside.
Curb offers only. Please do not disturb tenants.
Seven units are currently renting for approximately $1,600 per month, while the remaining unrenovated unit is leased at a lower rate, creating additional income potential with future improvements. Each residence is separately metered for gas, electric and water, with tenants responsible for all utilities, helping keep ownership expenses efficient.
Private entrances, garage parking and basement space give each residence a true townhome feel, while the four-building configuration allows for efficient management of all eight units in one location. Conveniently located near major roadways, shopping, dining and employment centers. A unique opportunity to acquire a substantial, income-producing multifamily asset with strong existing rents and additional upside.
Curb offers only. Please do not disturb tenants.
Location
State OH
County Franklin
Community Independence Village
Area 0.78
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features Common
Schools
High Schools Groveport Madison Lsd 2507 Fra Co.
School District Groveport Madison Lsd 2507 Fra Co.
Others
Tax ID 530-210669
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Benjamin Thomas Hemmert Howard Hanna Real Estate Svcs
Nearby School & Business