About 1048 E 20th Avenue
One of the few multifamily properties currently available in the Linden area, this is a rare opportunity to acquire a cash-flowing asset with significant potential for value creation. This brick 4-unit multifamily property features four 2-bedroom, 1-bath townhouse-style units, each with a private basement. Three of the four units are currently occupied, providing immediate rental income, while the vacant fourth unit offers significant value-add potential. The occupied units have been updated with replacement windows, furnaces, and kitchen improvements. Unit 1048 is leased month-to-month at $900 per month. Unit 1050 is leased through December 2026 at $800 per month. Unit 1052 is leased through May 2027 at $950 per month. Unit 1054 is currently vacant and requires a full renovation. The vacant unit presents an excellent opportunity for an owner-occupant looking to build equity through renovation or for an investor seeking to increase cash flow. Professionally managed, the property offers stable tenancy with additional upside through renovation and future rent growth. The vacant unit is easy to show. Occupied units may be viewed after an accepted contract, contingent upon inspection. BEING SOLD AS IS.
Features of 1048 E 20th Avenue
| MLS® # | 226021702 |
|---|---|
| Price | $340,000 |
| Acres | 0.22 |
| Year Built | 1940 |
| Type | Multi-Family |
| Sub-Type | Townhouse |
| Status | Active |
Community Information
| Address | 1048 E 20th Avenue |
|---|---|
| Area | None |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43211 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Has Basement | No |
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
|---|
Listing Details
| Office | Cheryl D Morgan of Heart & Homepropertymanagement |
|---|