Investor Special with Tremendous Upside! Opportunity awaits at this Cape Cod located on a quiet, low-traffic street in the heart of Columbus' east side. This property is ready for a complete renovation, making it the perfect project for investors, rehabbers, or buyers looking to build equity. The current layout offers an excellent value-add opportunity, with the highest and best use being the conversion of the second floor into a spacious primary suite, creating a highly desirable 3-bedroom, 2-bath home. Renovated homes in the surrounding area have sold for $225,000+, offering strong potential for the right buyer. Buyer to perform their own due diligence regarding after-repair value and renovation feasibility. Outside, you'll find a fully fenced backyard, a detached 2-car garage, and two storage sheds, providing ample space for vehicles, equipment, or a workshop. Conveniently located just minutes from I-270, I-70, East Broad Street shopping and dining, John Glenn Columbus International Airport, downtown Columbus, and nearby parks, this location offers easy access for commuters while maintaining the feel of an established residential neighborhood. HUD liens will be paid in full by the seller at closing. Property is being sold AS-IS. Don't miss this chance to transform a diamond in the rough into a beautiful home or profitable investment.
Single-familyProperty Type
1955Year Built
6,534 sq ftLot Size
$99Price/Sq.Ft.
2 car garageParking
Listed by Live Columbus Group Chapman• Keller Williams Consultants
East Columbus, located between Downtown Columbus and Whitehall, is a residential and industrial Columbus neighborhood with a grid of older streets and a patchwork of rail corridors. The neighborhood’s character concentrates around the East Broad Street and Hamilton Road corridor, where auto shops, longtime diners, and small storefronts line wide, fast-moving blocks. Brick mid-century ranches and compact postwar houses sit beside warehouses and light-manufacturing buildings, giving the streetscape a working-city feel. Big green breaks come from the Franklin Park Conservatory and the open lawns of Franklin Park. The Alum Creek Trail adds a linear route for walking and biking along the water. Cultural touchstones like the Lincoln Theatre and the King Arts Complex connect the area to Columbus’ performing-arts calendar.
Provided by Walk Score and Local Logic
Market insights
4027 Rickenbacker Ave · $120,000
DAYS ON MARKET
6 days
The average home goes pending in 42 days.
SALE-TO-LIST
99.7%
Most homes are selling 0% below list price.
LIST PRICE
$120,000
Median sale price in this area is $351,063. (193% higher than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Approximately 1,208 total living area
Bedrooms
Two main-level bedrooms
Bathrooms
One full bathroom
Exterior features
Fenced yard
Shed on the property
Home design
Single family residence
One-and-a-half story layout
Built in 1955
No shared/common walls
Parking
Detached 2-car garage
Construction
Slab foundation
Utilities
Public water
Public sewer
Financial info
HUD owned
Electricity and solar
View estimated energy costs and solar savings for this home