Exceptional turnkey investment opportunity in a rapidly appreciating neighborhood adjacent to King Lincoln Bronzeville. This fully rebuilt 8-unit multifamily building was completely renovated in 2020 with high-end finishes and modern systems-effectively delivering Class A quality. Updates include all new plumbing, electrical, HVAC, rubber roof, windows, doors, cabinets, appliances, parking lot, fencing, and more. Each unit features 2 bedrooms, 1 bathroom, and in-unit laundry hookups. The property offers 8 off-street parking spaces and easy access to bus lines, major hospitals, highways, and the downtown core. Fully leased, generating $11,600/month and $139,200/year in gross rental income. Strong cash flow and easy-to-rent units in a location with continued growth potential.
Property Features
Bedrooms
Bathrooms
Land Info
- Lot Size Acres: 0.23
- Lot Size Square Feet: 10019
Garage and Parking
Rental Info
Multi-Unit Info
- Number of Units: 8
- Number of 2 Bedroom Units: 8
- Total Actual Rent of 2-Bedroom Units: 1450
School Information
- High School District: COLUMBUS CSD 2503 FRA CO.
- School District: COLUMBUS CSD 2503 FRA CO.
Homeowners Association
- Maintenance Expense: 9083
Other Property Info
- Standard
- Annual Tax Amount: 22262
- Source Listing Status: Active
- County: Franklin
- Cross Street: Granville Ave
- Tax Year: 2024
- Source Property Type: Multi-Family
- Insurance Expense: 2790
- Parcel Number: 010-025419
- Property Subtype: Apartment
Commercial Info
- Net Operating Income: 94378
- Operating Expense: 44810
Building and Construction
- Year Built: 1900
- Property Age: 126
- Year Built Effective: 2020
Utilities
- Sewer: Public Sewer
- Water Source: Public