19
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$340,000
Est. payment /mo
9,583 Sqft Lot
Price Dropped by $10K
1048 E 20th Avenue Columbus, OH 43211
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Key Details
Property Type Multi-Family, Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226021702
Year Built 1940
Annual Tax Amount $3,184
Lot Size 9,583 Sqft
Lot Dimensions 0.22
Property Sub-Type Townhouse
Source Columbus and Central Ohio Regional MLS
Property Description
One of the few multifamily properties currently available in the Linden area, this is a rare opportunity to acquire a cash-flowing asset with significant potential for value creation. This brick 4-unit multifamily property features four 2-bedroom, 1-bath townhouse-style units, each with a private basement. Three of the four units are currently occupied, providing immediate rental income, while the vacant fourth unit offers significant value-add potential. The occupied units have been updated with replacement windows, furnaces, and kitchen improvements. Unit 1048 is leased month-to-month at $900 per month. Unit 1050 is leased through December 2026 at $800 per month. Unit 1052 is leased through May 2027 at $950 per month. Unit 1054 is currently vacant and requires a full renovation. The vacant unit presents an excellent opportunity for an owner-occupant looking to build equity through renovation or for an investor seeking to increase cash flow. Professionally managed, the property offers stable tenancy with additional upside through renovation and future rent growth. The vacant unit is easy to show. Occupied units may be viewed after an accepted contract, contingent upon inspection. BEING SOLD AS IS.
Location
State OH
County Franklin
Area 0.22
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced 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 010-073249
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Cheryl D Morgan Heart & HomePropertyManagement
NEARBY SCHOOL & BUSINESS
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