37-39 Yale Ave Columbus, OH 43222
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 37-39 Yale Ave
- Year built
- 1910
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This Columbus, Ohio duplex located at 37-39 S Yale Avenue presents a compelling investment opportunity. Built in 1910 and situated on a 4,356 square foot lot, this property boasts two spacious units, each offering over 1,000 square feet of living space with two bedrooms and 1.5 bathrooms. The property underwent extensive renovations in 2020, encompassing new HVAC systems, sewer lines, water heaters, and complete electrical system upgrades, along with cosmetic enhancements. Currently generating immediate income, one unit commands a monthly rent of $1,100 (month-to-month), while the other leases for $1,160 per month until August 2025. Tenants are responsible for all utilities. A significant advantage is the 100% tax abatement extending through 2034, promising substantial long-term cost savings and an enhanced return on investment. The asking price is $320,000, translating to $158.73 per square foot. This property is ideally positioned in the burgeoning Franklinton neighborhood.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0322
- Latitude
- 39.9576
