For Sale
$463,700

654-656 Fairwood AveColumbus, OH 43205

Charming brick duplex, income potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This charming three-story brick duplex, located in the desirable Olde Towne East neighborhood of Columbus, Ohio, presents a fantastic investment opportunity. Situated on a 0.13-acre lot at 654-656 Fairwood Ave, 43205, this property boasts 3,300 square feet and includes two units, each featuring three bedrooms and one and a half bathrooms. Recently renovated between 2022 and 2023, the units showcase luxury wood flooring, granite countertops, and stainless steel appliances. Upgrades include new water heaters, air conditioning, and windows (2021), new siding and garage roof (2023), and radon mitigation (2022). Each unit also benefits from a fenced backyard, with rear bedrooms accessing a veranda. The third floor provides additional versatile space, ideal for closets, an office, or extra living area. A full basement offers ample walk-in storage and includes washer/dryer hookups. Separate electric and gas meters provide efficient utility management. The property's prime location offers easy access to major highways, nearby schools, Franklin Park, and the Bexley community. A seller's assumable VA loan with an interest rate in the 2% range is available. This turnkey property is perfect for owner-occupants seeking rental income or investors looking for a strong return. The property is classified as a Class C multifamily building.

Highlights

  • Desirable Olde Towne East location, near Franklin Park and Bexley.
  • Assumable VA loan at ~2% interest rate.
  • 3,300 sq ft three-story brick duplex with full basement, washer/dryer hookups, and ample storage.
  • Convenient highway access and proximity to schools.
  • Luxury finishes including wood flooring, granite countertops, and stainless steel appliances.
  • Recent upgrades: siding, garage roof, and radon mitigation.

Property Details for 654-656 Fairwood Ave

Property type
Residential income homes, Apartment buildings
Square Feet
3,300 SF
Class
C
Year Built/Renovated
1925/2022
Stories
3
Lot Size (sq. ft)
5,663 SF
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.95365677
Longitude
-82.95283187
654-656 Fairwood Ave, Columbus, Ohio

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654-656 Fairwood Ave
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