21
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$399,000
Est. payment /mo
6,969 Sqft Lot
Price Dropped by $16K
1878 Eddystone Avenue #a-b-c Columbus, OH 43224
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Clevelawn
MLS Listing ID 226022353
Year Built 1964
Annual Tax Amount $3,176
Lot Size 6,969 Sqft
Lot Dimensions 0.16
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
INVESTOR OPPORTUNITY -Per the sellers: 8.25%+ CAP RATE! Add a turnkey, income-producing asset to your portfolio with this updated all-brick, 3-unit multifamily property in Columbus. All three units are rent-ready/turnkey and generate $3,150 per month in combined rental income, providing attractive cash flow from day one.
The property features two 2-bedroom over/under flats (Units A & B) plus a 2-bedroom townhouse (Unit C), offering a desirable and diversified unit mix. Recent tasteful updates enhance tenant appeal while the durable all-brick construction supports long-term ownership. A newer privacy fence creates attractive, private outdoor space for residents.
With a cap rate exceeding 8.25%, strong existing rental income, and a convenient location just minutes from Downtown Columbus, The Ohio State University, Clintonville, Easton, and major employment, shopping, dining, and entertainment destinations, this property presents an excellent opportunity for investors seeking immediate cash flow and long-term upside.
Turnkey. Cash-flowing. 8.25%+ cap rate. Three units. One investment opportunity.
The property features two 2-bedroom over/under flats (Units A & B) plus a 2-bedroom townhouse (Unit C), offering a desirable and diversified unit mix. Recent tasteful updates enhance tenant appeal while the durable all-brick construction supports long-term ownership. A newer privacy fence creates attractive, private outdoor space for residents.
With a cap rate exceeding 8.25%, strong existing rental income, and a convenient location just minutes from Downtown Columbus, The Ohio State University, Clintonville, Easton, and major employment, shopping, dining, and entertainment destinations, this property presents an excellent opportunity for investors seeking immediate cash flow and long-term upside.
Turnkey. Cash-flowing. 8.25%+ cap rate. Three units. One investment opportunity.
Location
State OH
County Franklin
Community Clevelawn
Area 0.16
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 010-081088
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Jerry R Auger Key Realty
NEARBY SCHOOL & BUSINESS
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