776-778 Gibbard Ave Columbus, OH 43201

Property Details for 776-778 Gibbard Ave

Year built

1910

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This charming two-unit apartment building, located at 776-778 Gibbard Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1910, this property sits on a spacious 4,791.6 square foot corner lot and offers convenient rear parking. Each of the two units boasts three bedrooms, an updated eat-in kitchen with newer countertops and cabinets, a living room, and a formal dining room. Further enhancing the appeal, both units feature covered front porches. The basement provides washer and dryer hookups for added convenience. Recent improvements include a new roof, new gutters, new siding, and new HVAC systems, minimizing future maintenance concerns. Currently, the occupancy rate is 50%. The asking price is $345,000, translating to a price per square foot of $164.29. The property's prime location offers easy access to downtown Columbus, the Short North Arts District, and Ohio State University, ensuring high demand for rental units. The owner currently covers water and sewer expenses. This property is ideal for owner-occupants seeking a rental income stream or investors looking for a strong return on investment. Its proximity to major roadways ensures easy freeway access. This is a rare opportunity to acquire a well-maintained, updated duplex in a highly desirable Columbus neighborhood.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Longitude

-82.9838

Latitude

39.9846