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$ 425,000
Est. payment /mo
Active Under Contract
605611 Lilley Avenue Columbus, OH 43205
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Townhouse
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 226009896
Year Built 1920
Annual Tax Amount $7,254
Lot Size 7,840 Sqft
Lot Dimensions 0.18
Property Sub-Type Townhouse
Source Columbus and Central Ohio Regional MLS
Property Description
Rare brick investment opportunity featuring four townhouse-style units, each offering 2 bedrooms and 1 bathroom, ideally located just minutes from Nationwide Children's Hospital, Franklin Park Conservatory and Botanical Gardens, and downtown Columbus. Many updates done throughout the property including a new roof in 2020. Currently generating $4,115 per month in rental income, Unit 605 is leased at $1,065 per month through March 31, 2027; Unit 607 is rented at $1,025 per month through February 28, 2026; Unit 609 is leased at $1,140 per month on a month-to-month basis; and Unit 611 is rented to a long term tenant at $885 per month through May 31, 2026. Tenants are responsible for all utilities, including water, which is individually sub-metered--helping to minimize owner expenses and maximize net operating income. This is a strong opportunity for investors seeking a well-maintained, stabilized asset with in-place cash flow and additional upside through rent optimization.
Location
State OH
County Franklin
Area 0.18
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-055732
Listed by Zeke Liston Red 1 Realty