2023 Sullivant Avenue 2025, Columbus, OH

About 2023 Sullivant Avenue 2025

Rare Columbus Investment Opportunity: Fully Re-Imagined Quadplex with Modern Structural Integrity. Experience a truly turnkey asset in the heart of Columbus. Originally a single-family structure, this property has been expertly engineered and converted into a high-yielding four-unit residence. Every square inch of this asset has been rehabbed within the last 5 years, ensuring a high-performance portfolio addition with minimal deferred maintenance. The Configuration: Two Massive Lower Units: Each featuring 3 Bedrooms and 2 Full Bathrooms—ideal for premium rental rates or Section 8 high-tier vouchers. Two Upper Units: Each featuring 2 Bedrooms and 1.5 Bathrooms—perfectly balanced for the local professional workforce. The Infrastructure (All Under 5 Years Old): Full Mechanical Separation: True utility independence with 4 separate gas meters, 4 separate electric meters, and 4 separate water lines. Tenants pay all primary utilities, drastically reducing owner overhead. New Structural Components: Brand new roof, updated drywall throughout, and high-durability modern flooring designed for long-tenure tenants. Exterior Upgrades: A newly added deck provides outdoor living space, a rare premium for multi-family units in this market. Compliance: The property has successfully passed all rigorous Columbus City/Compass Inspections, ensuring immediate operational readiness. Financial Snapshot: With a Gross Annual Income of $53,700 and a streamlined expense profile due to tenant-paid utilities, this property offers a superior Net Operating Income (NOI) compared to older, non-separated units. This is not a 'value-add' project; this is a stabilized, high-efficiency engine for wealth. Perfect for 1031 Exchange buyers or investors seeking a hands-off, 'A-Class' physical asset.

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