343-351 E 13th Avenue, Columbus, OH 43201

Property Description

The long-term owner is selling this SIX unit Near Ohio State University. This building was constructed around 1972 and consists of four two-bedroom flats and two two-bedroom townhomes. Rents for the 2023-24 school year are $850 for the 4 flats and $875 for the 2 townhomes. These are under-market, and the new owner can increase income by adjusting rents closer to market ($950-$1,000/unit) and adding a chargeback for the water of $35/unit. They have equipped kitchens including a range and refrigerator. This site is near OSU main campus and COTA and CABS bus lines. Located on a street of well-kept properties, this building has maintained 100% occupancy for years. Income and expenses are from 2022. See Documents for 2021-22 profit and loss statements. Please do not disturb the residents