247 Midland Ave Columbus, OH 43223
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 247 Midland Ave
- Year built
- 1920
- Property type
- Small apartment buildings
Description
This Columbus, Ohio duplex located at 247 Midland Avenue presents a compelling investment opportunity. Built in 1920, this two-unit property sits on a 5,227.2 square foot lot and offers a total of seven bedrooms. The asking price is $275,000, translating to $133.89 per square foot. The property features two distinct units: a one-story, two-bedroom, one-bathroom unit at the front entrance (247), and a three-level, five-bedroom, one-bathroom unit with a full basement accessible from the side (249). Both units boast recently updated kitchens and bathrooms, along with fresh paint. Ample off-street parking is available on the property. The convenient location offers easy access to I-70 and State Route 315. The property is situated within a tax abatement zone, offering potential tax advantages. The property's configuration allows for potential conversion into a single-family home, providing additional flexibility for the buyer. Currently, the property is vacant, allowing the new owner to select ideal tenants. This property has the potential to generate over $3,000 per month in rental income.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0578564
- Latitude
- 39.9505157
