Columbus Two-Family Offered for $296,000
The Photographs
Property Description
This is an amazing opportunity for a great duplex only a block from Westgate Park in western Columbus. You will like this property and what you can do with it. A fenced-in backyard gives lots of peace with the convenience of being on the COTA bus line. Make extra money renting out the third garage bay or put your toys in there. The property is perfect for the owner looking to have someone else pay a portion of their mortgage. Or an investor could yield a pro-forma 6% capitalization rate, based on $1,200 market average rent and $300 per month for the extra garage. All offers are contingent upon probate approval. All numbers on this sheet are pro format.
The Key Details
- Duplex with 2 bedrooms, 1+ bathroom per side
- 2,100 total square feet with a full basement on each side.
- 0.257 acres located about 1/10 mile west of Westgate & Sullivant
- Three-car detached garage with power and one opener
- Highly sought-after location only one block from Westgate Community Center and Westgate Park
- Full basement with additional “bathroom” and washer/dryer hookups
- Hardwood floors throughout most of the unit
- Newer roof
- Mason / Brick construction
The Numbers
| Income/Expense | Actual | Pro-Forma |
|---|---|---|
| 3130 Sullivant Avenue | $0 | $14,400 |
| 3134 Sullivant Avenue | $10,800 | $14,400 |
| Extra Garage Bay | $0 | $3,600 |
| Total Income | $10,800 | $32,400 |
| Property Taxes | $3,960 | $3,960 |
| Insurance | $1,800 | $1,800 |
| Mowing / Snow | $2,400 | $2,400 |
| Maintenance | — | $3,180 |
| Property Management | — | $3,180 |
Learn More
- Review the Offering Memorandum
- Check out the Marketing Flyer
- Contact Toby Boyce at 419-618-8629 (call or text) or [email protected] to schedule your tour.
Disclaimers
All information is believed to be accurate as of July 24, 2024. But is not warranted.