1451 1449 E Columbus Street E, Columbus, OH 43206 (MLS # 226003754)

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PRICE $534,999 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 8,712 sqft Request More Info Schedule a Showing

Investor & House-Hacker Opportunity | Tudor Revival Brick 4-Unit | Driving Park Rare opportunity to acquire a Tudor Revival-style brick 4-unit in Driving Park featuring a vacant, newly renovated unit ready for immediate occupancy. This property is built for both investors and owner-occupants and is positioned to meet the 1% rule once fully stabilized. The building features four 2-bed / 1-bath units in a classic up/down layout on a large lot. Three units are currently occupied and one unit is vacant and recently completed, making this an ideal setup for a house-hacker or immediate lease-up. Recent capital improvements include 23 new windows, a rubber roof installed in 2018 (slate portion remains), and designated off-street parking for each unit located at the rear of the property off the alley. Interior upgrades include luxury flooring in two renovated units, updated kitchens and bathrooms, new countertops, and tile finishes in the newly completed vacant unit. A third unit has been partially updated and repaired where needed, offering additional upside through future cosmetic improvements. Owner pays water. Current rents total $3,450/month across three occupied units. One tenant is Section 8 and has been in place for approximately 20 years, providing long-term stability. The remaining tenants are non-subsidized. The vacant unit was previously rented and has since been renovated. Total potential gross market rent once fully stabilized is estimated at $5,568/month, offering clear income growth potential. An excellent opportunity for an owner-occupant to live in one unit while collecting income from the others, or for an investor seeking a partially stabilized asset with recent improvements, stable tenancy, and remaining upside.