831-833 Lilley AveColumbus, OH 43205

Property Details for 831-833 Lilley Ave

Year built

1925

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9496

Longitude

-82.9584

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