247 Midland AveColumbus, OH 43223

For Sale
$275,000

Columbus Duplex, 2 Units, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
92
This Columbus, Ohio duplex located at 247 Midland Avenue presents a compelling investment opportunity. Built in 1920, this two-unit property sits on a 5,227.2 square foot lot and offers a total of seven bedrooms. The asking price is $275,000, translating to $133.89 per square foot. The property features two distinct units: a one-story, two-bedroom, one-bathroom unit at the front entrance (247), and a three-level, five-bedroom, one-bathroom unit with a full basement accessible from the side (249). Both units boast recently updated kitchens and bathrooms, along with fresh paint. Ample off-street parking is available on the property. The convenient location offers easy access to I-70 and State Route 315. The property is situated within a tax abatement zone, offering potential tax advantages. The property's configuration allows for potential conversion into a single-family home, providing additional flexibility for the buyer. Currently, the property is vacant, allowing the new owner to select ideal tenants. This property has the potential to generate over $3,000 per month in rental income.

Highlights

  • Columbus, OH duplex investment opportunity at 247 Midland Avenue, asking $275,000.
  • Seven-bedroom property on a 5,227.2 sq ft lot.
  • Two units: a 2-bed/1-bath and a 5-bed/1-bath, both with updated kitchens and baths.
  • Ample off-street parking and convenient access to I-70 and SR 315.
  • Located in a tax abatement zone.
  • Potential for conversion to a single-family home.

Property Details for 247 Midland Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1920
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9505157
Longitude
-83.0578564
247 Midland Ave, Columbus, Ohio

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247 Midland Ave
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