5531 Worcester Dr Columbus, OH 43232
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 5531 Worcester Dr
- Year built
- 1971
- Property type
- Small apartment buildings
Description
This Columbus, Ohio duplex, located at 5531 Worcester Drive, presents a compelling investment opportunity. Built in 1971, this property sits on a spacious 13,939.2 square foot lot and features two units, each boasting three bedrooms and two and a half bathrooms, complete with basements. While the kitchens and bathrooms are in fair condition and haven't been upgraded, the property benefits from recent improvements including an upgraded electrical panel, a newer hot water tank, and a gas furnace. Each unit includes washer/dryer hookups and ample shelving for storage. The exterior requires minimal maintenance. Currently, one unit is leased until May 1, 2025, at a monthly rent of $925, while the other is month-to-month at the same rate. Rental rates are significantly below market value, offering immediate potential for increased income. Tenants are responsible for gas and electric, while the owner covers water expenses. The asking price is $347,000, translating to $138.36 per square foot. This is a long-term rental property with a history of stable ownership. Curbside offers only.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8453191
- Latitude
- 39.9355144
