776-778 Gibbard AveColumbus, OH 43201

For Sale
$345,000

Prime Columbus duplex, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
91
This charming two-unit apartment building, located at 776-778 Gibbard Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1910, this property sits on a spacious 4,791.6 square foot corner lot and offers convenient rear parking. Each of the two units boasts three bedrooms, an updated eat-in kitchen with newer countertops and cabinets, a living room, and a formal dining room. Further enhancing the appeal, both units feature covered front porches. The basement provides washer and dryer hookups for added convenience. Recent improvements include a new roof, new gutters, new siding, and new HVAC systems, minimizing future maintenance concerns. Currently, the occupancy rate is 50%. The asking price is $345,000, translating to a price per square foot of $164.29. The property's prime location offers easy access to downtown Columbus, the Short North Arts District, and Ohio State University, ensuring high demand for rental units. The owner currently covers water and sewer expenses. This property is ideal for owner-occupants seeking a rental income stream or investors looking for a strong return on investment. Its proximity to major roadways ensures easy freeway access. This is a rare opportunity to acquire a well-maintained, updated duplex in a highly desirable Columbus neighborhood.

Highlights

  • Charming 1910 two-unit duplex on a large 4,791.6 sq ft corner lot in Columbus, OH.
  • Each unit features three bedrooms, updated eat-in kitchens, living rooms, and formal dining rooms, plus covered front porches.
  • Recent renovations include a new roof, gutters, siding, and HVAC systems.
  • Basement with washer/dryer hookups. Currently 50% occupied.
  • Asking price: $345,000 ($164.29/sq ft). Excellent location near downtown Columbus, Short North, and Ohio State University.
  • Owner pays water/sewer. Convenient rear parking and freeway access.

Property Details for 776-778 Gibbard Ave

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

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9845971
Longitude
-82.9837751
776-778 Gibbard Ave, Columbus, Ohio

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776-778 Gibbard Ave
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