83 Lechner Avenue, Columbus, OH 43223

$435,000
List Price
$435,000
Year Built
1912
MLS#
221028483
Status
CONTINGENT FINANCE AND INSPECTION
Acres
0.14

Property Description

We have received multiple offers. Please submit highest and best by WEDNESDAY AUGUST 8TH at 5:00 PM EST and leave open for acceptance until Friday August 10th at 5PM. INVESTORS wanting to build your portfolio. This 6-plex is cash-flowing with potential upside. Two units recently updated are bringing in rents of $700 & $750 per month. 3 units are rented by long-term tenants at $500, $575, & $600. Last unit is vacant/under construction (Est $7-10k needed based on others) and is available for showings. Cap rate is 9% at current income with an upside of 11% at market rents. Second Parcel is full lot behind that is currently undeveloped for additional upside.

Additional Information

School District
Columbus Csd 2503 Fra Co.
Tax Year
2020
Yearly Taxes
4817.00

Listing Courtesy of : Michael P Davis ---- Key Realty

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