Chosen Real Estate Group
Listed by Chosen Real Estate Group
$224,900
189-191 S Highland Avenue
Details
APN 010-003457
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $2,000
Price per SqFt $128
Year Built 1969
Acreage 0.140
Multifamily | 2 Units
Marketing description
Stabilized Hilltop Duplex - Maintenance-Lite
CURB OFFERS ONLY -- DO NOT DISTURB TENANTS. Interior access and inspections will be granted only after a signed purchase agreement and proof of funds are provided.
The Opportunity:
Own a solid, maintenance-lite income property in a stable Columbus submarket. This 1969 masonry duplex is perfect for an investor seeking consistent cash flow or a buyer looking for a property with exceptional ''bones'' and significant future finishing potential.
Current Performance:
Total Monthly Rent: 2,000 (1,000 per side).
Leases: Fully occupied with active terms through April 1, 2027.
Tenant Profile: Professional, long-term tenants who handle minor upkeep and day-to-day maintenance themselves, resulting in an exceptionally low expense ratio.
Utilities: Tenants pay all utilities.
Property Highlights
Construction: Durable masonry/brick exterior walls with a 1969 build quality that minimizes structural upkeep.
Unit Layout: Two spacious 3-bedroom, 1-bathroom units with efficient floor plans.
Lot Size: Large 6,222 sq. ft. lot with off-street parking.
Bonus Utility: Large unfinished basements with high ceilings. Currently used for laundry and storage, these spaces offer potential for future finishing or extra utility under the 2026 Columbus building codes.
Listing Contacts
Chosen Real Estate Group
Listed by Chosen Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,000.00
$166.67/mo
Valuation Metrics
0
DSCR
0.89%
Cap Rate
0.89%
ROI
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Tax History
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