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Property profile & analytics
OFF-MARKET
Apartment buildings

62 Eureka Ave Columbus, OH 43204

Built 1920
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1920
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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