For Sale
$429,900

1826 Bairsford Dr Columbus, OH 43232

Turnkey Duplex, 10% Cap Rate, Fully Leased

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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
Apartment buildings, Small apartment buildings
Year Built/Renovated
1972/2024
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9407245
Longitude
-82.8445874

FAQs

What type of property is this?
Apartment building - Turnkey Duplex, 10% Cap Rate, Fully Leased
Where is the apartment building located?
The property is located at 1826 Bairsford Dr Columbus, OH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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1826 Bairsford Dr
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