1040-1042 Loretta Ave, Columbus, OH 43211

Description

Not one, not two, but FOUR cash-flowing duplexes hitting the 1% rule in Columbus, Ohio. Buy one, several, or all four! These well-performing properties offer a rare opportunity for investors seeking strong rental income with minimal vacancy. Out of 8 total units, only 1 unit is currently vacant -- intentionally left open for a potential owner-occupant or for easy viewing during the sales process.
Addresses include: 1040-1042 Loretta Ave, 1045-1047 Loretta Ave, 1051-1053 Republic Ave, and 1056-1058 Loretta Ave. We also manage one additional duplex on Loretta that is not currently listed but the owner may consider selling at the right price -- perfect for investors looking to acquire a package of 5 properties.
These properties have been professionally managed long term, and current management is willing to stay in place for a seamless transition.
Rent roll is available in the attached documents. Since all units feature the same layout, only the vacant unit will be available for showings prior to contract acceptance, but it serves as an accurate representation of the others. Unit photos are from prior to tenant move-in and may or may not reflect current condition.
Tenants pay all utilities, keeping owner expenses low. Water is already separately sub-metered, and trash service is through the City of Columbus. All tenants are current on rent, with several long-term residents providing stable occupancy history.
And did we mention the CRAZY LOW taxes? Annual property taxes range from just $1,573.54 to $1,803.86 per year -- helping maximize your cash flow and returns.
Properties are being sold as-is. Excellent opportunity to add stable, income-producing multifamily assets to your portfolio in a strong Columbus rental market.

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1040-1042 Loretta Ave

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