1524 Genessee Avenue, Columbus, OH 43211 (MLS # 226012967)

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PRICE $499,900 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 9,584 sqft Request More Info Schedule a Showing

Turnkey four-unit investment opportunity in the heart of Downtown Columbus! Each spacious unit offers 2 bedrooms, 1 bathroom, and approximately 800 square feet of living space, making this property highly attractive to tenants and investors alike. Three of the four units have undergone a full cosmetic renovation, featuring all new LVP flooring, fresh paint throughout, new carpet on common stairways, and updated bathrooms. Major mechanical updates include new furnaces and central AC units, providing peace of mind and long-term efficiency. The exterior has been significantly improved with fresh paint, new windows, updated fencing, and a newly installed parking lot--enhancing both curb appeal and functionality. Currently, three units are rented, providing immediate cash flow, while one unit remains unrenovated--offering a clear value-add opportunity for the next owner to increase rents and maximize returns. This setup also creates an ideal house hack opportunity--live in the vacant unit while collecting rental income from the other three units to offset (or potentially cover) your mortgage. Finish renovating the final unit to your taste, build equity, and then either lease it out for increased cash flow or continue to enjoy reduced living expenses in a prime Downtown location. Located just minutes from Downtown Columbus' top employers, dining, and entertainment, this is a rare chance to acquire a stabilized asset with upside potential and owner-occupant flexibility.