247 Midland AveColumbus, OH 43223

Property Details for 247 Midland Ave

Year built

1920

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This Columbus, Ohio duplex located at 247 Midland Avenue presents a compelling investment opportunity. Built in 1920, this two-unit property sits on a 5,227.2 square foot lot and offers a total of seven bedrooms. The asking price is $275,000, translating to $133.89 per square foot. The property features two distinct units: a one-story, two-bedroom, one-bathroom unit at the front entrance (247), and a three-level, five-bedroom, one-bathroom unit with a full basement accessible from the side (249). Both units boast recently updated kitchens and bathrooms, along with fresh paint. Ample off-street parking is available on the property. The convenient location offers easy access to I-70 and State Route 315. The property is situated within a tax abatement zone, offering potential tax advantages. The property's configuration allows for potential conversion into a single-family home, providing additional flexibility for the buyer. Currently, the property is vacant, allowing the new owner to select ideal tenants. This property has the potential to generate over $3,000 per month in rental income.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9505

Longitude

-83.0579

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