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$700,000
Aric J Gibson
Rare redevelopment opportunity in historic Olde Towne East, just minutes from Downtown Columbus. This massive four unit property offers approximately 6,569 square feet of planned living space and significant upside for an investor, developer, or builder ready to complete the renovation. Approximately 40 to 50 percent of the work has been completed. Updated architectural plans reimagine the building as four spacious residences with modern layouts, large windows, private porch or balcony areas, generous living spaces, and desirable amenities. Improvements completed or underway include a new roof, two new furnaces, new plumbing, updated electrical, fresh exterior paint, extensive framing, and separate utility metering for each unit. Planned layouts include: (Unit A: 1,913 square feet, 2 bedrooms, 2.5 bathrooms) (Unit B: 1,834 square feet, 3 bedrooms, 2.5 bathrooms) (Unit C: 1,482 square feet, 2 bedrooms, 2.5 bathrooms) (Unit D: 1,340 square feet, 2 bedrooms, 2.5 bathrooms) The property also offers five garage spaces, including a three car detached garage and a planned two car attached garage, plus gated entry, a fenced 0.29 acre lot, and room for additional off street parking. According to the seller, the property appraised for nearly $1,000,000 before renovations began. The seller has also been advised that the City may allow the units to be sold individually as condominiums, creating an additional potential exit strategy. Buyer to independently verify zoning, permits, approvals, square footage, plans, and intended use. Located in one of Columbus' most historic and architecturally distinctive neighborhoods, this property offers convenient access to Downtown Columbus, dining, entertainment, hospitals, employment centers, and major highways. Blueprints and architectural plans are available.

143 S Garfield Avenue, Columbus

Listing Courtesy of : Aric J Gibson ---- New Directions Realty, LLC

$400,000
Amalea Harding
Unlock the potential of this income-producing brick 4-unit property in Columbus on a corner lot--perfect for both savvy investors and house hackers looking to build wealth through real estate. Each apartment has 2 bedrooms and 1 full bath, each with full basements with washer and dryer hookups. The rents are $1,000, $1,020 and $1,000. DO NOT DISTURB TENANTS. Vacant unit is available to be seen. All units are identical. Property is professionally managed. Ideally located near parks and convenient highway access, this property offers both accessibility and long-term rental appeal. Schedule your showing today and secure your next smart investment. Agent is related to owner. Property Being Sold AS IS

526 S Terrace Avenue, Columbus

Listing Courtesy of : Amalea Harding ---- Dream Living LLC

$734,900
Elisa M Lowe
Victorian Village 4-Unit | $79K Income | 8% Cap | ADU / 5th Unit Potential Rare opportunity to acquire a brick four-unit located just one block from Goodale Park and approximately 5 blocks to the Short North Arts District. The property produces approximately $79,080 in current rental income with upside potential to over $92,000, offering an estimated 8% cap rate with pro-forma potential near 10% through rental optimization, supported by three units utilizing CMHA vouchers and one-bedroom payment standards in this ZIP code of approximately $1,969, the highest in Franklin County. Features four off-street parking spaces and on-site coin-operated laundry providing additional income. Current rents are $1,800, $1,645, $1,500, and one unit available for immediate lease-up, conservatively projected around $1,645 with additional upside potential. Rear parking offers additional value-add potential, as similar properties have added garage structures with residential units above, creating a potential fifth unit and additional income, subject to zoning and city approvals. Also ideal for an owner-occupant or first-time investor to leverage low down payment financing and strong rental income to offset housing costs while beginning a real estate portfolio.

217 W Hubbard Avenue, Columbus

Listing Courtesy of : Elisa M Lowe ---- Keller Williams Consultants