61
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$2,190,000
Est. payment /mo
4,791 Sqft Lot
New
2876-2878 Mcguffey Road Columbus, OH 43224
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226040777
Year Built 1957
Annual Tax Amount $33,900
Lot Size 4,791 Sqft
Lot Dimensions 0.11
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Value-add portfolio opportunity in Columbus: 16 properties and 23 units, offered as a package at $2,190,000 (~$95,000 per unit), with each property also available individually. The portfolio includes 12 single-family homes, 2 duplexes, a triplex, and a fourplex. 13 of the 23 units are currently leased, generating $14,514 per month ($174,000+ annually) in rent, so new owners have cash flow from day one as they stabilize the portfolio. Five fully vacant properties are well suited for a BRRRR or fix-and-flip, and the vacant units in the partially leased triplex and fourplex add lease-up and rent upside. Most of the portfolio is in Linden, just north of Downtown Columbus, with quick access to I-71, Cleveland Avenue, and Hudson Street, in a neighborhood seeing active revitalization and new development. Three additional homes are on Columbus's Westside. Affordable per-door pricing makes this a flexible fit for investors who want to scale in one move or pick off the individual properties that match their strategy.
Location
State OH
County Franklin
Area 0.11
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced 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 010-082213
Listed by Zeke Liston Forge Real Estate Advisors
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