361 20Th AveColumbus, OH 43201

For Sale
$423,000

Ohio State, 2-unit, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This well-maintained duplex in Columbus, Ohio, presents a compelling investment opportunity. Located near Ohio State University's north campus, between Summit and N 4th Street, this property benefits from its walkable location for students and proximity to the OSU bus line and Iuka Ravine. The property features two spacious 2-bedroom, 1-bathroom units, each boasting modern updates including updated kitchens and bathrooms, newer flooring, and central air conditioning. The lower unit includes an enclosed front porch and a large basement for storage. Both units offer on-site laundry and ample outdoor space. Exterior improvements include newer vinyl siding, railings, and porch steps. Tenants are responsible for all utilities. Currently 100% occupied, with leases at $1100 (Unit A) and $1050 (Unit B), ensuring a strong cash flow. Built in 1910, the property sits on a 1,742.4 square foot lot and is listed at $423,000 ($197.20/sq ft). This is an exceptional opportunity for investors seeking a stable, high-demand rental property in a desirable location.

Highlights

  • $423,000 asking price for this Columbus, OH multifamily property.
  • Prime location in the Ohio State University north campus neighborhood, near Summit and N 4th St.
  • Well-maintained duplex with two spacious 2-bedroom, 1-bathroom units.
  • Modern updates including updated kitchens and bathrooms, newer flooring, and central air conditioning.
  • 100% occupancy with leases at $1100 and $1050 per month.
  • Each unit features on-site laundry and ample outdoor space.

Property Details for 361 20Th Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1910
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0041331
Longitude
-82.9990336
361 20Th Ave, Columbus, Ohio

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361 20Th Ave
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