300 Wilson Avenue APT 298, Columbus, Ohio, United States, 43205

949,900
for Sale
3,920.4

About the property:

100% tax abatement, 8.87% CAP RATE. Strong investment performance with cash flow from day one in this truly turnkey, full-brick 4-unit generating $90,364 in annual income, with existing leases and built-in annual rent increases supporting future growth without the need for lease-up or a future value-add. Operating expenses and maintenance remain exceptionally low thanks to the full gut renovation completed in 2019 with all new mechanicals, roof, windows, plumbing and electrical, followed by meticulous ownership, leaving the next owner with no known deferred maintenance. Each 2BR/2BA unit spans nearly 1,500 SF across two levels, with one bedroom and one full bath per floor plus separate exterior access, an ideal roommate layout. High-end finishes include Scandinavian-inspired design, Amish-built custom cabinetry, chic lighting, deluxe appliance packages and in-unit washer/dryers. Welcoming front porches and dedicated off-street parking complete the property. Convenient to Nationwide Children's Hospital, Downtown Columbus, John Glenn Airport, Franklin Park Conservatory, East Market and Olde Towne East. Monthly rents: 298 A: $1,825; 298 B: $1,938; 300 A: $1,829; 300 B: $1,938. One unit is month-to-month, offering flexibility for a buyer to owner-occupy/house hack. Agents, see A2A Remarks for tax abatement details
Property Type:
Midrise
Status:
for Sale
House Style:
Other
Acres:
0.09
Subdivision:
Olde Towne East/ Franklin Park
Cross Street:
Bryden Rd.
Is Investment:
Yes
Is Market:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Unit:
Yes
Annual Property Taxes:
1,596
Listing ID:
226034614

Rooms

Dimensions

Brokered by:
Keller Williams Consultants Realty
Presented By: