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1287-1289 City Park Avenue Columbus, OH 43206
4,356 Sqft Lot
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Merion Village
MLS Listing ID 226036318
Year Built 1930
Annual Tax Amount $5,775
Lot Size 4,356 Sqft
Lot Dimensions 0.1
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
INVESTOR OPPORTUNITY! Exceptional income-producing duplex at 1287-1289 City Park Ave featuring two spacious 3-bedroom units, each with 1.5 baths--an especially desirable and uncommon feature for a duplex of this age. The property currently generates $4,600 per month in combined rental income, with both leases in place through June and July 2027, providing stable income for the new owner.
The 1289 side was completely renovated in 2018, while the kitchen in the 1287 side was renovated in 2008. Both units have been upgraded to 200-amp electrical service, an important improvement for a property of this age.
Adding to the property's appeal is a rare 4-car detached garage, providing abundant off-street parking and valuable storage space. Tenants pay all utilities, helping keep owner operating expenses manageable.
With $55,200 in current annual gross rental income, desirable 3-bedroom floor plans, 1.5 baths on each side, updated electrical service, renovated units, updated kitchens, and a 4-car detached garage, this property offers a compelling combination of income and hard-to-find features. Conveniently located in Columbus with easy access to shopping, dining, parks, employment centers, and major roadways.
Whether expanding an existing portfolio or purchasing a first investment property, 1287-1289 City Park Ave offers an excellent opportunity to acquire a duplex with established rental income and long-term potential.
The 1289 side was completely renovated in 2018, while the kitchen in the 1287 side was renovated in 2008. Both units have been upgraded to 200-amp electrical service, an important improvement for a property of this age.
Adding to the property's appeal is a rare 4-car detached garage, providing abundant off-street parking and valuable storage space. Tenants pay all utilities, helping keep owner operating expenses manageable.
With $55,200 in current annual gross rental income, desirable 3-bedroom floor plans, 1.5 baths on each side, updated electrical service, renovated units, updated kitchens, and a 4-car detached garage, this property offers a compelling combination of income and hard-to-find features. Conveniently located in Columbus with easy access to shopping, dining, parks, employment centers, and major roadways.
Whether expanding an existing portfolio or purchasing a first investment property, 1287-1289 City Park Ave offers an excellent opportunity to acquire a duplex with established rental income and long-term potential.
Location
State OH
County Franklin
Community Merion Village
Area 0.1
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features Garage Door Opener
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-070206
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Krista M Conroy Berkshire Hathaway HS Pro Rlty