Listed by RE/MAX ONE, RE/MAX One
$489,900
1524 Genessee Avenue
Details
APN 010-059890
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
NOI $3,910
Price per SqFt $143
Year Built 1970
Acreage 0.220
Multifamily | 4 Units
Marketing description
Turnkey four-unit investment opportunity in the heart of Downtown Columbus! Each spacious unit offers 2 bedrooms, 1 bathroom, and approximately 800 square feet of living space, making this property highly attractive to tenants and investors alike.
Three of the four units have undergone a full cosmetic renovation, featuring all new LVP flooring, fresh paint throughout, new carpet on common stairways, and updated bathrooms. Major mechanical updates include new furnaces and central AC units, providing peace of mind and long-term efficiency.
The exterior has been significantly improved with fresh paint, new windows, updated fencing, and a newly installed parking lot--enhancing both curb appeal and functionality. Currently, three units are rented, providing immediate cash flow, while one unit remains unrenovated--offering a clear value-add opportunity for the next owner to increase rents and maximize returns.
This setup also creates an ideal house hack opportunity--live in the vacant unit while collecting rental income from the other three units to offset (or potentially cover) your mortgage. Finish renovating the final unit to your taste, build equity, and then either lease it out for increased cash flow or continue to enjoy reduced living expenses in a prime Downtown location. Located just minutes from Downtown Columbus' top employers, dining, and entertainment, this is a rare chance to acquire a stabilized asset with upside potential and owner-occupant flexibility.
Listing Contacts
Listed by RE/MAX ONE, RE/MAX One
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,910.00
$325.83/mo
Valuation Metrics
0
DSCR
0.8%
Cap Rate
0.8%
ROI
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