210 Wayne Ave Columbus, OH 43204

Property Details for 210 Wayne Ave

Year built

1961

Property type

Small apartment buildings

Description

This Columbus, Ohio quadplex at 210 S Wayne Avenue presents a compelling investment opportunity. Built in 1961, this multifamily property sits on a 6,969.6 square foot lot and features four units, each boasting two bedrooms, a full kitchen, and a spacious layout. Currently, the occupancy rate is 50%, with two units generating monthly rental income. Unit A commands $1115 per month, while Unit B brings in $1341 per month. Unit C is vacant but recently underwent renovations including fresh paint and new flooring, making it immediately rentable. Market analysis indicates a potential rental income of $1100 per month for each unit, promising strong cash flow and a potential return on investment exceeding the 1% rule. The asking price is $379,900, translating to $128.69 per square foot. This property is ideally suited for both seasoned investors seeking a high-yield addition to their portfolio and those looking to implement a house-hacking strategy. The property is available for immediate showings, allowing for a swift and efficient closing process. This is a rare opportunity to acquire a well-located, income-generating property in a thriving Columbus neighborhood. The property's strong rental history and recent upgrades make it an attractive investment with significant upside potential. Don't miss out on this chance to secure a profitable and stable investment in the Columbus real estate market.

Location Insight

City

Columbus

County

Franklin

State

Ohio

Longitude

-83.0638673

Latitude

39.9510471