62 Eureka Ave Columbus, OH 43204
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 62 Eureka Ave
- Year built
- 1920
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This Columbus, Ohio duplex presents a compelling investment opportunity. Located at 62 S Eureka Avenue, 43204, this 2-unit apartment building, built in 1920, sits on a 3,920.4 square foot lot. Each unit boasts 3 bedrooms and 1 bathroom. Currently, both units are tenant-occupied, generating a combined monthly income of $2,110. One lease expires February 25th, and the other September 25th. The current rental rates are significantly below market value for the area, offering immediate potential for increased revenue. By raising rents to market rates ($2,600-$3,000 per month), a substantial increase in cash flow is achievable. A recent home inspection is available, streamlining the due diligence process and facilitating a swift closing. The asking price is $199,900, translating to $88.84 per square foot. This property is ideal for landlords and investors seeking a turnkey investment with significant upside potential. The property's location in Columbus, Franklin County, offers convenient access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0651
- Latitude
- 39.954
