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31075784
31075798

403-05 E Welch Avenue, Columbus, OH 43207

CM
2017006363
Heart & HomePropertyManagement
Listed by Heart & HomePropertyManagement
$350,000
82 days on market
Updated 72 days ago

403-05 E Welch Avenue

Details
APN 010-000787
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $21,400
Price per SqFt $156
Year Built 1900
Acreage 0.090

Multifamily | 2 Units

Marketing description

Fully occupied duplex offering a turnkey investment opportunity in Columbus. This well-maintained property features 2 units with stable tenants and long-term leases already in place. 403 is a 3 bedroom, 1 1/2 bath unit currently rented for $1,300 per month with a lease in place through 11/2026. 405 is a 2 bed, 1 1/2 bath unit with a lease in place through 1/2027. This unit includes furnishings along with a washer and dryer, providing additional convenience and value. The property includes a divided garage for tenant use as well as a fenced yard. Both units have central air, and the furnaces and hot water tanks are newer. Tenants pay all utilities. 405 was previously operated as a mid-term rental generating $2,200 per month and could easily be converted back to that model once the current tenant vacates. Showings require 48-hour notice due to tenant occupancy. Property is being sold AS IS. Professional management in place.
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Listing Contacts

CM
2017006363
Heart & HomePropertyManagement
Listed by Heart & HomePropertyManagement

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$21,400.00
$1,783.33/mo

Valuation Metrics

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DSCR
6.11%
Cap Rate
6.11%
ROI

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