1392 N Summit StreetColumbus, OH 43201

Property Description

Location. Income. Expansion.4-Unit in Weinland Park Near Short North & The Ohio State UniversityLocated in Weinland Park, this property offers rental income and growth potential for investors or owner-occupants. Highlights & Upside Potential: ??? Layout: Four 2BR/1BA units, each featuring dedicated off-street parking and separate electric and gas meters. ??? Recent Major Improvements: Newer siding, windows, roof, gutters, downspouts, concrete entry steps, and select HVAC components. ??? Income Growth Potential: Opportunity to target a gross monthly income of $7,156 based on a market average of $1,789 per 2BR unit for Weinland Park with additional updates. Actual rents may vary; buyer to verify market rates and financial projections. ??? Owner-Occupant Ready: Opportunity for a buyer to reside on-site, which may allow for owner-occupant financing and the ability to use rental income from the other units to help pay the mortgage. ??? Opportunity Zone: Located in a Federal Qualified Opportunity Zone with potential federal and state tax benefits; buyer to verify all information. ??? Expansion Upside: Zoned for an ADU (Accessory Dwelling Unit); may allow for an additional detached unit or carriage house, providing a path to an additional income stream. Buyer to confirm all zoning and permitting requirements with the City of Columbus. Capitalize on this asset in one of Columbus's most active corridors.

Property Features

Local Schools