2540 Neil Ave, Columbus, OH 43202

Description

Attention investors. This solid brick four-unit features four two-bedroom townhouse-style apartments in an excellent Old North Columbus location. Walkable to cafes, neighborhood shopping, the bus line, and the bike path—this is exactly where long-term rental demand stays strong.

Current rents are $1,100, $880, $1,000, and $1,040, with market rents closer to $1,200 per unit, offering clear value-add potential through rent growth and selective updates. Two of the units have central air; the interior units do not and feature older furnaces—giving the next owner a straightforward path to improving cash flow.

Owner pays water and sewer; tenants pay electric. Brick constr...