403-05 E Welch AvenueColumbus, OH 43207

403-05 E Welch AvenueColumbus, OH 43207

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$350,000 Active
Multi Unit - Multiple MLS 226007697 New to the Market

Listed By

Agency Name: Heart & HomePropertyManagement
Agency Phone: 614-255-6452
Agent Name: Cheryl D Morgan

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Fully occupied duplex offering a turnkey investment opportunity in Columbus. This well-maintained property features 2 units with stable tenants and long-term leases already in place. 403 is a 3 bedroom, 1 1/2 bath unit currently rented for $1,300 per month with a lease in place through 11/2026. 405 is a 2 bed, 1 1/2 bath unit with a lease in place through 1/2027. This unit includes furnishings along with a washer and dryer, providing additional convenience and value. The property includes a divided garage for tenant use as well as a fenced yard. Both units have central air, and the furnaces and hot water tanks are newer. Tenants pay all utilities. 405 was previously operated as a mid-term rental generating $2,200 per month and could easily be converted back to that model once the current tenant vacates. Showings require 48-hour notice due to tenant occupancy. Property is being sold AS IS.

403-05 E Welch Avenue | MLS# 226007697

This multi-family property located at 403-05 E Welch Avenue, Columbus, OH 43207 is currently listed for sale with an asking price of $350,000. 403-05 E Welch Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air, Hot Water
Lot Size: 0.09 Acres
Taxes: $6,790
Year Built: 1900

Feature Descriptions

Parcel #: 010-000787
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Local Schools

School District: COLUMBUS CITY

Demographics

Franklin County Demographic Information for 403-05 E Welch Avenue, Columbus, OH 43207
Fips
Fips Code 39049
Population
2020 to 2023 Change up 0.2%
2010 Count 1,163,414
2020 Count 1,323,807
2023 Estimate (V2023) 1,326,063
2020 Estimate (V2023) 1,323,810
Age Distribution (Years Old)
0 to 4 6.5%
5 to 17 22.9%
18 to 64 57.4%
65 and Older 13.2%
Gender
Male 49.2%
Female 50.8%
Place of Birth
Foreign 12.0%
US 88.0%
Education
High School Graduate, Age 25+ 91.5%
Bachelor's Degree or Higher, Age 25+ 41.7%
Computer and Internet use
Households with a computer 95.9%
Households with a broadband Internet subscription 92.1%
Language
English is Second Language, Age 5+ 14.9%
English is First Language, Age 5+ 85.1%
Veterans
Veterans 56,845
Income
Per Capita Income $41,148
Median Household Income $71,070
People in Poverty 15.1%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 594,813
Households 542,366
Average Household Size 2.38
Owner-Occupied 53.5%
Multi-Family 36.6%
Owner-Occupied Median Value $243,100
Median selected monthly owner costs -with a mortgage $1,667
Median selected monthly owner costs -without a mortgage $685
Median gross rent $1,169
Building Permits
New Private Housing Issued 2023 7,303
Years at Residence
1 Year or More 82.6%
Less Than 1 Year 17.4%
Business and Employment
Private non-farm Establishments 30,187
Private non-farm Employment 642,630
Private non-farm Employment Growth up 0.4%
Nonemployer Establishments 117,491
Number of Firms 107,363
Business Production
Value of Shipments $13,796,060,000
Wholesale Trade $32,205,012,000
Retail Trade $25,665,382,000
Retail Sales Per Capita $17,887
Accommodation and Food Services $3,728,293,000
Land
Land Area 532.19 sq. miles
Population Per Square Mile 2,187

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,375.57 per month $1,707.65 Principal & Interest $565.83 Property Tax $102.08 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage