1392 N Summit Street Units A, B, C & D Unit Units A, B, C & D, Columbus, OH 43201

Property Description

Location. Income. Expansion. 4-Unit in Weinland Park Near Short North & The Ohio State University Located in Weinland Park, this property offers rental income and growth potential for investors or owner-occupants. Highlights & Upside Potential: • Layout: Four 2BR/1BA units, each featuring dedicated off-street parking and separate electric and gas meters. • Recent Major Improvements: Newer siding, windows, roof, gutters, downspouts, concrete entry steps, and select HVAC components. • Income Growth Potential: Opportunity to target a gross monthly income of $7,156 based on a market average of $1,789 per 2BR unit for Weinland Park with additional updates. Actual rents may vary; buyer to verify market rates and financial projections. • Owner-Occupant Ready: Opportunity for a buyer to reside on-site, which may allow for owner-occupant financing and the ability to use rental income from the other units to help pay the mortgage. • Opportunity Zone: Located in a Federal Qualified Opportunity Zone with potential federal and state tax benefits; buyer to verify all information. • Expansion Upside: Zoned for an ADU (Accessory Dwelling Unit); may allow for an additional detached unit or carriage house, providing a path to an additional income stream. Buyer to confirm all zoning and permitting requirements with the City of Columbus. Capitalize on this asset in one of Columbus's most active corridors.