403-05 E Welch Avenue Columbus, OH 43207

Building Details

Year Built

1900

Listing Agency Heart & HomePropertyManagement

Listed by Cheryl Morgan · License #2017006363

Source Crexi

Added: Mar 14 Checked: Jul 16 at 8:32 am

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Investment Insights

Based on property information with market context.

This fully occupied duplex in Columbus presents a turnkey investment opportunity. The well-maintained property consists of two units with existing long-term leases and stable tenants. Unit 403 features 3 bedrooms and 1.5 bathrooms and is currently rented for $1,300 per month through November 2026. Unit 405 includes 2 bedrooms and 1.5 bathrooms, with a lease extending through January 2027. This unit is furnished and includes a washer and dryer. The property also features a divided garage for tenant use and a fenced yard. Both units are equipped with central air, and the furnaces and hot water tanks are newer. Tenants are responsible for all utility payments. Unit 405 was previously operated as a mid-term rental, generating $2,200 per month, and could be converted back to that model when the current tenant vacates. The property is being sold AS IS and is professionally managed.

Key Highlights

• Turnkey investment property: Fully occupied duplex with stable tenants and long‑term leases in place.
• Positive Cash Flow: Unit 403 rents for $1,300/month, and Unit 405 has mid‑term rental potential of $2,200/month.
• Long‑term leases: Leases in place through 11/2026 and 1/2027.

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FAQs

What type of property is this?

Duplex - Fully occupied duplex with long-term leases in place.

Where is this duplex located?

The property is located at 403-05 E Welch Avenue Columbus, OH.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Turnkey investment property: Fully occupied duplex with stable tenants and long‑term leases in place.; Positive Cash Flow: Unit 403 rents for $1,300/month, and Unit 405 has mid‑term rental potential of $2,200/month.; Long‑term leases: Leases in place through 11/2026 and 1/2027.