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: Tina Dykes
Agent Phone: (734) 915-9341
Agency Title: Key Realty
Estimated Payment
$ 3,940.21 per month $3,076.54 Principal & Interest $703.25 Property Tax $160.42 Homeowner's Insurance
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 tinadykes.ikeyrealty.com today.