Listed By
Agency Name: Keller Williams Consultants
Agent Name: Elisa M Lowe
Agency Phone: 614-932-2000
Shown By
Agent Name: Anestis Kalagidis
Agent Phone: Cell: (614) 395-6377
Agency Title: Cutler Real Estate
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Property Description
Victorian Village 4-Unit | $79K Income | 8% Cap | ADU / 5th Unit PotentialRare 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 13
Heating: Forced Air
Lot Size: 0.11 Acres
Taxes: $8,955
Year Built: 1900
Feature Descriptions
Parcel #: 010-023595
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
Local Schools
School District: COLUMBUS CITY
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Estimated Payment
$ 4,734.84 per month $3,774.24 Principal & Interest $746.25 Property Tax $214.35 Homeowner's InsuranceChange Payment Information
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217 W Hubbard Avenue | MLS# 226007726
This multi-family property located at 217 W Hubbard Avenue, Columbus, OH 43215 is currently listed for sale with an asking price of $734,900. W Hubbard Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on www.neskalagidis.com today.