For Sale
$484,900

1615-1617 8Th St Columbus, OH 43207

Turnkey duplex, high occupancy, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Columbus, Ohio duplex presents a compelling investment opportunity. Located at 1615-1617 S 8th Street, this 2-unit apartment building boasts a prime location in the Merion Village neighborhood and offers immediate cash flow. Built in 1918, the property sits on a 3,049.2 square foot lot and is currently 100% occupied. Each unit features three bedrooms and one bathroom, showcasing high-quality finishes including stainless steel appliances and granite countertops. Both units benefit from central air conditioning. One unit is currently leased on a 12-month lease until July 2025 at $1560 per month (owner pays water), while the other is furnished and rented month-to-month for $2200 per month through October 31, 2024 (owner pays electric, water, gas, and wifi). The property includes a fenced backyard and convenient street parking. The asking price is $484,900, translating to $237.93 per square foot. Showings are by appointment only, following the acceptance of an offer. This property is ideally suited for owner-occupants seeking to leverage their investment or seasoned investors looking for a strong return.

Highlights

  • $484,900 asking price for a Columbus, OH duplex.
  • Multifamily property with two units, 100% occupancy.
  • Each unit is a 3-bedroom, 1-bathroom apartment.
  • Built in 1918, situated on a 3,049.2 sq ft lot.
  • Price per square foot is $237.93.

Property Details for 1615-1617 8Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1918
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9298262
Longitude
-82.988256

FAQs

What type of property is this?
Apartment building - Turnkey duplex, high occupancy, strong rental income.
Where is the apartment building located?
The property is located at 1615-1617 8Th St Columbus, OH.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: $484,900 asking price for a Columbus, OH duplex.; Multifamily property with two units, 100% occupancy.; Each unit is a 3-bedroom, 1-bathroom apartment.
How can I contact the broker?
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1615-1617 8Th St
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