If you’re in the market for a promising investment opportunity or a new place to call home, look no further than this charming brick duplex in Columbus’ desirable Franklin Park neighborhood. With its potential for cash flow and various usage options, this property is a must-see.
Each unit of this duplex boasts newer mechanicals, ensuring that you won’t have to worry about costly repairs or replacements anytime soon. The brand new windows, installed in 2022, not only enhance the property’s curb appeal but also improve its energy efficiency.
One of the standout features of this duplex is that it is submetered for both electric and gas, providing each unit with its own utility bills. This setup allows for easy management of expenses and ensures that tenants or occupants are responsible for their own usage.
If you’re an entrepreneurial spirit looking to maximize your investment, this property offers the opportunity to convert the space into a short-term rental. With the growing popularity of platforms like Airbnb, you could potentially earn a substantial income by renting out one or both units to travelers. Alternatively, you could opt for long-term rentals, providing a stable and consistent cash flow.
For those considering living in one unit and renting out the other, this duplex is an excellent choice. Not only will you have the benefit of extra income from the rental unit, but you’ll also have the advantage of being able to keep a close eye on your investment. This configuration is ideal for first-time homebuyers or those looking to downsize but still generate income.
Additionally, this property includes plans for a carriage house, offering even more potential for income generation or personal use. Whether you choose to build it for additional rental income or use it as a private guesthouse or office space, the possibilities are endless.
The main unit, 370 Morrison, has recently undergone significant upgrades, including brand new electrical work and a custom cabinetry package. The cabinetry features solid wood with soft-close and dove-tail joints, adding a touch of elegance and functionality to the space.
The total square footage of the building is an impressive 2,688, and that doesn’t even include the third floor of unit 370, which offers additional living or storage space. This extra square footage provides flexibility and room for expansion, making this duplex an attractive option for those looking for a property with future growth potential.
As an added bonus, this property is eligible for a 100% tax abatement, further enhancing its appeal. This tax incentive can significantly reduce your property taxes for a designated period, allowing you to save money and increase your return on investment.
In conclusion, this Columbus duplex for sale presents a unique opportunity for both investors and potential owner-occupants. With its cash flow potential, newer mechanicals, submetered utilities, and included plans for a carriage house, this property offers versatility and the potential for significant returns. Don’t miss out on this fantastic opportunity – schedule a showing today!
370-372 Morrison Avenue, Columbus, OH 43205