For Sale
$347,000

831-833 Lilley AveColumbus, OH 43205

Renovated duplex, 2 units, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fully renovated and well-maintained duplex in Columbus, Ohio, presents a compelling investment opportunity. Located at 831-833 Lilley Avenue, this property boasts two units, each featuring two bedrooms and one bathroom, complete with laundry hookups. The lower unit offers convenient access to a full basement. All mechanical systems were replaced in 2021, ensuring efficient and low-maintenance operation. Currently, one unit commands a monthly rent of $900, while the lower unit is vacant but readily rentable at $1100, potentially yielding a total monthly income of $2200. Tenants are responsible for all utilities. The property sits on a 3,920.4 square foot lot with a fenced yard, offering the potential for off-street parking. Central air conditioning adds to the property's appeal. This duplex is easily managed and maintained, making it an ideal investment for both seasoned and novice investors. The asking price is $347,000, translating to $172.12 per square foot. Note that this property can be purchased individually or as part of a larger package including other properties in Columbus, Marion, and Toledo. A 48-hour notice is required for showings. Please do not disturb the tenants. Built in 1925.

Highlights

  • $347,000 asking price for this Columbus, OH multifamily property.
  • Two-unit apartment building (duplex) located at 831-833 Lilley Avenue, Columbus, OH 43205.
  • Each unit features two bedrooms and one bathroom with laundry hookups.
  • Built in 1925, the property sits on a 3,920.4 sq ft lot, with a price per square foot of $172.12.
  • Fully renovated with new mechanicals installed in 2021. Currently generating $900/month in rent (one unit vacant). Potential rental income of $2,200/month.

Property Details for 831-833 Lilley Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1925
Units
2

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9496136
Longitude
-82.9584369
831-833 Lilley Ave, Columbus, Ohio

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831-833 Lilley Ave
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