605-611 Lilley Avenue, Columbus, OH 43205

Property Description

Rare brick investment opportunity featuring four townhouse-style units, each offering 2 bedrooms and 1 bathroom, ideally located just minutes from Nationwide Children's Hospital, Franklin Park Conservatory and Botanical Gardens, and downtown Columbus. Many updates done throughout the property including a new roof in 2020. Currently generating $4,115 per month in rental income, Unit 605 is leased at $1,065 per month through March 31, 2027; Unit 607 is rented at $1,025 per month through February 28, 2026; Unit 609 is leased at $1,140 per month on a month-to-month basis; and Unit 611 is rented to a long term tenant at $885 per month through May 31, 2026. Tenants are responsible for all utilities, including water, which is individually sub-metered--helping to minimize owner expenses and maximize net operating income. This is a strong opportunity for investors seeking a well-maintained, stabilized asset with in-place cash flow and additional upside through rent optimization.