49
See all 49 photos
$550,000
Est. payment /mo
6,098 Sqft Lot
Price Dropped by $25K
2540 Neil Avenue Columbus, OH 43202
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Key Details
Property Type Multi-Family
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Old North Columbus
MLS Listing ID 226000241
Year Built 1900
Annual Tax Amount $8,439
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Townhouse
Source Columbus and Central Ohio Regional MLS
Property Description
Attention investors. This solid brick four-unit features four two-bedroom townhouse-style apartments in an excellent Old North Columbus location. Walkable to cafes, neighborhood shopping, the bus line, and the bike path--this is exactly where long-term rental demand stays strong.
Current rents are $1,100, $1000, $1,000, and $1,040, with market rents closer to $1,200 per unit, offering clear value-add potential through rent growth and selective updates. Two of the units have central air; the interior units do not and feature older furnaces--giving the next owner a straightforward path to improving cash flow.
Owner pays water and sewer; tenants pay electric. Brick construction, a proven unit mix, and a location that continues to appreciate make this a strong long-term hold or repositioning opportunity in one of Columbus's most consistent rental corridors.
Opportunities like this in Old North don't last--move on it.
Current rents are $1,100, $1000, $1,000, and $1,040, with market rents closer to $1,200 per unit, offering clear value-add potential through rent growth and selective updates. Two of the units have central air; the interior units do not and feature older furnaces--giving the next owner a straightforward path to improving cash flow.
Owner pays water and sewer; tenants pay electric. Brick construction, a proven unit mix, and a location that continues to appreciate make this a strong long-term hold or repositioning opportunity in one of Columbus's most consistent rental corridors.
Opportunities like this in Old North don't last--move on it.
Location
State OH
County Franklin
Community Old North Columbus
Area 0.14
Zoning R- 2F
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-057334
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Joseph C Jackson Keller Williams Capital Ptnrs
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