162-164 Sylvan AveColumbus, OH 43204

Property Details for 162-164 Sylvan Ave

Year built

1953

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This meticulously renovated duplex, located at 162-164 N Sylvan Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1953 and completely updated in 2023, this property boasts two units, each currently commanding a market rent of $850 per month, resulting in 100% occupancy. Situated on a generous 4,791.6 square foot lot, the building features solid cinder block construction and ample parking. The asking price is $175,000, translating to a price per square foot of $145.35. This property is located in the desirable Westside of Columbus, within the 43204 zip code, and offers a strong return on investment due to its high occupancy rate and current market rents. Note that this duplex can be purchased in conjunction with a separate, larger 10-unit building located at 160 N Sylvan Avenue. This presents a unique opportunity to acquire a portfolio of income-producing properties in a thriving Columbus neighborhood. The property's recent renovation ensures minimal maintenance needs and long-term stability for the investor.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9578

Longitude

-83.0867

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