1826 Bairsford DrColumbus, OH 43232

For Sale
$429,900

Turnkey Duplex, 10% Cap Rate, Fully Leased

Overview

Added:
Dec 11, 2024
Days on market:
92
This fully leased Columbus duplex presents a compelling investment opportunity. Located on Bairsford Drive in the desirable Eastside neighborhood (43232), this property boasts a 10.06% cap rate after accounting for taxes, insurance, and water. The property, built in 1972 and extensively renovated in 2024, comprises two units: a 3-bedroom, 2-bathroom unit leased at $1,750 per month and a 5-bedroom, 2.5-bathroom unit leased at $2,300 per month. Both units feature finished lower levels with recreation rooms, additional bedrooms with proper egress windows, LVP flooring throughout, and marble shower/tub surrounds. The property sits on an 11,325.6 square foot lot and generates an annual gross rental income of $48,600 and a net operating income (NOI) of $43,170. The asking price is $429,900, translating to $113.07 per square foot. Optional property management is available. This turnkey investment offers strong cash flow and significant potential for future appreciation. The property is currently 100% occupied.

Highlights

  • Fully leased Columbus duplex, offering a 10.06% cap rate.
  • Located in the desirable Eastside neighborhood (43232) on Bairsford Drive.
  • 1972 construction, extensively renovated in 2024.
  • Two units: a 3/2 leased at $1,750/month and a 5/2.5 leased at $2,300/month.
  • Features finished lower levels, LVP flooring, and marble shower/tub surrounds.
  • Sits on an 11,325.6 sq ft lot, with $48,600 annual gross income and $43,170 NOI.

Property Details for 1826 Bairsford Dr

Property type
Multifamily properties, Apartment buildings
Year Built/Renovated
1972/2024
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9407245
Longitude
-82.8445874
1826 Bairsford Dr, Columbus, Ohio

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1826 Bairsford Dr
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