59-63 Russell St Columbus, OH 43215

Property Details for 59-63 Russell St

Year built

1900

Property size

4,806 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four fully renovated, two-bedroom units situated in the heart of Columbus' vibrant Short North Arts District. Located just one block from the Short North's core, this property boasts unparalleled convenience and walkability to numerous restaurants, shops, and entertainment venues including Marcellas, The Guild House, and Hyde Park. The property is also within easy walking or biking distance of the Convention Center, Arena District, and Goodale Park. Built in 1900 and extensively renovated between 2022 and 2024, this Class A multifamily property comprises two buildings, each two stories high, totaling 4,806 square feet of net rentable space. Each unit features upscale finishes including quartz and granite countertops, high-end appliances and cabinetry, beautiful wood floors, stylish brick accent walls, custom showers, and in-unit stackable washer/dryers. Private patios and yards add to the appeal. Currently operating at 100% occupancy, with the lease expiration date of October 15, 2024, this property presents a strong cash flow potential. The property is zoned C4 - Commercial, offering flexibility for future uses. The asking price for this turnkey investment is $1,500,000. This is a rare opportunity to acquire a meticulously maintained, high-demand rental property in one of Columbus' most desirable neighborhoods.