About 2407 Summit Street
Exceptional investment opportunity in the heart of the highly desirable Old North Columbus corridor, perfect for house hacking! Ideally located just minutes from The Ohio State University, Downtown Columbus, and the Short North Arts District, the property benefits from consistent rental demand driven by students, young professionals, and long-term residents seeking convenient access to major employment, dining, and entertainment hubs. All units are currently occupied. The lower unit (Unit 2407) features 1 bedroom and 1 bathroom, currently rented for $1,000 per month plus a $50 monthly water/sewer/trash fee. The tenant in this unit will be moving out at the end of July, presenting the perfect, immediate opportunity for an owner-occupant looking to house hack or an investor ready to reposition the unit and adjust the rent to full market value. The upper unit, unit 2407 1/2, features 4 bedrooms and 1 bathroom and is rented for $1,375 per month plus a $75 monthly water/sewer/trash fee through June 30, 2027, providing stable rental income. The property also features a detached garage, offering additional tenant convenience and potential added value. The property has also seen numerous capital improvements and cosmetic updates, including refinished hardwood floors (2025 - lower unit, 2022 - upper unit), new electrical panels for each unit (2022), detached garage rebuild (2021), fresh paint and updated fixtures (2021 - upper unit, 2025 - lower unit), updated vinyl windows (2020), roof replacement(2021), and a chain-link fenced backyard (2022). With its prime central location, strong rental demand, existing occupancy, and extensive recent improvements, this property offers an attractive opportunity for both investors and owner-occupants alike.
