About 605-611 Lilley Avenue
Rare brick investment opportunity featuring four townhouse-style units, each offering 2 bedrooms and 1 bathroom, ideally located just minutes from Nationwide Children's Hospital, Franklin Park Conservatory and Botanical Gardens, and downtown Columbus. Many updates done throughout the property including a new roof in 2020. Currently generating $4,115 per month in rental income, Unit 605 is leased at $1,065 per month through March 31, 2027; Unit 607 is rented at $1,025 per month through February 28, 2026; Unit 609 is leased at $1,140 per month on a month-to-month basis; and Unit 611 is rented to a long term tenant at $885 per month through May 31, 2026. Tenants are responsible for all utilities, including water, which is individually sub-metered--helping to minimize owner expenses and maximize net operating income. This is a strong opportunity for investors seeking a well-maintained, stabilized asset with in-place cash flow and additional upside through rent optimization.
Features of 605-611 Lilley Avenue
| MLS® # | 226009896 |
|---|---|
| Price | $425,000 |
| Acres | 0.18 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | Townhouse |
| Status | Active Under Contract |
Community Information
| Address | 605-611 Lilley Avenue |
|---|---|
| Area | None |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43205 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
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Listing Details
| Office | Zeke Liston of Red 1 Realty |
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