654-656 Fairwood AveColumbus, OH 43205

Property Details for 654-656 Fairwood Ave

Year built

1925

Lot size

0.13 AC

Property size (Sq ft)

3,300 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9537

Longitude

-82.9528

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