Multi Family homes for sale & real estate in Indianola Terrace, OH

Multi Family Home for sale in Indianola Terrace, OH:

Fully updated 5 unit building in the vibrant OSU Campus area. The property is 80% occupied with strong historical occupancy. Tax abated through April 2027 and submetered for gas and electric. The site features off street parking, fenced in entryway areas for the residents, and in-unit laundry. There is room to bring rents up to market rate without any renovation. This opportunity is truly turn key! Curb offers only, please do not disturb residents.

Multi Family Home for sale in Indianola Terrace, OH:

OUTSTANDING OPPORTUNITY TO HAVE HOME AND INCOME or a long-term investment property in the University District. Each unit is leased on a month-to-month basis for $900. Market rent is $1,100-$1,200. This vinyl-sided two-story duplex has A NEWER ROOF ( 2016) and all appliances included. Walking distance to the COTA and CABS lines, this location offers an off-the-beaten-path for OSU students and staff to be close to, but not on top of, THE OHIO STATE UNIVERSITY! Both units have access to the basement with a washer and dryer provided by the owner. The residents pay electric and gas and the owner pays water and sewer.

Multi Family Home for sale in Indianola Terrace, OH:

Located on The Ohio State University and near Downtown Columbus, this well-maintained duplex offers strong cash flow potential and appreciation upside. Unit 431 offers 3 bedrooms and 1 bathroom rented at $1,250/month (WAY under market rent) until 08/01/2025. Unit 433 offers 4 bedrooms and 2 bathrooms, rented at $1,800/month + $25 pet fee until 05/31/2025. Both units have spacious basements for storage, off-street parking. Recent updates include new LVP flooring (2021) and a new roof (2020). Tenants pay all utilities. Property management is willing to stay in place for new owner. This turnkey investment is ideal for those looking to secure a high-performing asset in a prime location!