$225,000
Est. payment /mo
3,484 Sqft Lot
Active Under Contract
505-507 Catherine Street Columbus, OH 43223
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 226020714
Year Built 1928
Annual Tax Amount $3,199
Lot Size 3,484 Sqft
Lot Dimensions 0.08
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Well-maintained duplex featuring two 2-bedroom, 1-bath units with separate utilities, full basements, and a detached 2-car garage. Major recent improvements include a new furnace and ductwork for Unit 505, new ductwork for Unit 507, newer water heaters, fresh interior paint, new LVP flooring, quartz countertops, exterior paint, and landscaping improvements.
Each unit offers a living room and kitchen on the main level with two bedrooms and a full bath upstairs. Current rents are $1,000/month for Unit 505 and $1,102/month for Unit 507. Tenants pay gas and electric, while the owner pays water. Opportunity exists for future rental growth in Unit 505 as leases turn over, with nearby 2-bedroom rentals commonly achieving higher rental rates.
Many recent inspection-related repairs and major capital improvements have already been completed, making this a strong opportunity for investors seeking stable rental income with reduced near-term maintenance concerns.
Each unit offers a living room and kitchen on the main level with two bedrooms and a full bath upstairs. Current rents are $1,000/month for Unit 505 and $1,102/month for Unit 507. Tenants pay gas and electric, while the owner pays water. Opportunity exists for future rental growth in Unit 505 as leases turn over, with nearby 2-bedroom rentals commonly achieving higher rental rates.
Many recent inspection-related repairs and major capital improvements have already been completed, making this a strong opportunity for investors seeking stable rental income with reduced near-term maintenance concerns.
Location
State OH
County Franklin
Area 0.08
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-067590
Listed by Remington Lyman Reafco
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