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31339781
31339782

415-417 Morrison Avenue, Columbus, OH 43205

BW
2019006196
Engel & Volkers
Listed by Engel & Volkers
$615,000
72 days on market
Updated 69 days ago
Opportunity zone

415-417 Morrison Avenue

Details
APN 010-039222
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
Occupancy 100%
Price per SqFt $184
Year Built 1900
Acreage 0.110

Multifamily | 2 Units

Marketing description

Discover a rare opportunity to own a fully renovated, tax-abated income-producing brick duplex in the highly sought-after Olde Towne East neighborhood of Columbus, Ohio. Ideal for owner-occupants and real estate investors alike, this substantial property spans 3,348 square feet across two generously sized units. Each unit features 4 bedrooms and 1.5 bathrooms, offering spacious and comfortable living for tenants. Both units are currently rented, generating immediate cash flow from day one, with Unit 415 renting for $1,920 per month and Unit 417 renting for $1,710 per month, for a combined gross monthly income of $3,630 and a gross annual income of $43,560. A concrete pad located at the rear of the property presents a ready-made opportunity to construct a garage, a feature that would significantly increase the overall value and rental appeal of the property. Olde Towne East is one of Columbus's most desirable and historically rich neighborhoods, known for its walkability, proximity to Downtown Columbus, and strong rental demand. Whether you are looking to house-hack, expand your rental portfolio, or secure a turnkey investment in one of Columbus's premier neighborhoods, this property offers exceptional value with strong existing income and future upside potential.
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Listing Contacts

BW
2019006196
Engel & Volkers
Listed by Engel & Volkers

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