15
See all 15 photos
$499,900
Est. payment /mo
9,583 Sqft Lot
New
1524 Genessee Avenue Columbus, OH 43211
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226012967
Year Built 1970
Annual Tax Amount $4,731
Lot Size 9,583 Sqft
Lot Dimensions 0.22
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Turnkey four-unit investment opportunity in the heart of Downtown Columbus! Each spacious unit offers 2 bedrooms, 1 bathroom, and approximately 800 square feet of living space, making this property highly attractive to tenants and investors alike.
Three of the four units have undergone a full cosmetic renovation, featuring all new LVP flooring, fresh paint throughout, new carpet on common stairways, and updated bathrooms. Major mechanical updates include new furnaces and central AC units, providing peace of mind and long-term efficiency.
The exterior has been significantly improved with fresh paint, new windows, updated fencing, and a newly installed parking lot--enhancing both curb appeal and functionality. Currently, three units are rented, providing immediate cash flow, while one unit remains unrenovated--offering a clear value-add opportunity for the next owner to increase rents and maximize returns.
This setup also creates an ideal house hack opportunity--live in the vacant unit while collecting rental income from the other three units to offset (or potentially cover) your mortgage. Finish renovating the final unit to your taste, build equity, and then either lease it out for increased cash flow or continue to enjoy reduced living expenses in a prime Downtown location. Located just minutes from Downtown Columbus' top employers, dining, and entertainment, this is a rare chance to acquire a stabilized asset with upside potential and owner-occupant flexibility.
Three of the four units have undergone a full cosmetic renovation, featuring all new LVP flooring, fresh paint throughout, new carpet on common stairways, and updated bathrooms. Major mechanical updates include new furnaces and central AC units, providing peace of mind and long-term efficiency.
The exterior has been significantly improved with fresh paint, new windows, updated fencing, and a newly installed parking lot--enhancing both curb appeal and functionality. Currently, three units are rented, providing immediate cash flow, while one unit remains unrenovated--offering a clear value-add opportunity for the next owner to increase rents and maximize returns.
This setup also creates an ideal house hack opportunity--live in the vacant unit while collecting rental income from the other three units to offset (or potentially cover) your mortgage. Finish renovating the final unit to your taste, build equity, and then either lease it out for increased cash flow or continue to enjoy reduced living expenses in a prime Downtown location. Located just minutes from Downtown Columbus' top employers, dining, and entertainment, this is a rare chance to acquire a stabilized asset with upside potential and owner-occupant flexibility.
Location
State OH
County Franklin
Area 0.22
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 010-059890
Acceptable Financing FHA, Conventional
Listing Terms FHA, Conventional
Listed by William Christopher Harr RE/MAX ONE
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