Turnkey Property in Columbus OH (3 unit in prime neighborhood, $73k in gross in 2024)

[Brian Beck]

First time posting:

We are selling our property in Columbus, OH. Currently run as a mixed rental (2 units on short term and 1 unit on long term). We've seen some great revenue expansion over the past few years. My wife and I are relocating to a new city and want to sell this investment so we can buy in our new city. 

Total gross revenue was $73k in 2024 -- our real estate agent can share more detailed information but keeping high level

- The 2 bedroom/1bath long term rental brings in $1.9k/month (+40 for water) -- tenant left at end of May, leaving open for now for showings

- The two - 1 bedroom/1 bath short term rental units bring in $2.1k and $2.2k per month

We operate this our of state with a property manager - they have been great and are willing to work with the new owner if interested

If unfamiliar with Columbus, this is prime real estate a block of off high street (close to restaurants, bars, concerts, great for Ohio State football games).

The lot is large, we have architectural plans for a 3 car garage + apartment carriage house included in this listing. Attic is unfinished, but would be easy to finish to add value and square footage.

Open to any and all feedback or interest. 

https://www.zillow.com/homedetails/82-Price-Ave-Columbus-OH-...

[Kerlous Tadres]

Quote from @Brian Beck:

First time posting:

We are selling our property in Columbus, OH. Currently run as a mixed rental (2 units on short term and 1 unit on long term). We've seen some great revenue expansion over the past few years. My wife and I are relocating to a new city and want to sell this investment so we can buy in our new city. 

Total gross revenue was $73k in 2024 -- our real estate agent can share more detailed information but keeping high level

- The 2 bedroom/1bath long term rental brings in $1.9k/month (+40 for water) -- tenant left at end of May, leaving open for now for showings

- The two - 1 bedroom/1 bath short term rental units bring in $2.1k and $2.2k per month

We operate this our of state with a property manager - they have been great and are willing to work with the new owner if interested

If unfamiliar with Columbus, this is prime real estate a block of off high street (close to restaurants, bars, concerts, great for Ohio State football games).

The lot is large, we have architectural plans for a 3 car garage + apartment carriage house included in this listing. Attic is unfinished, but would be easy to finish to add value and square footage.

Open to any and all feedback or interest. 

https://www.zillow.com/homedetails/82-Price-Ave-Columbus-OH-...

Have you looked into doing some type of refinance-that way you're able to keep this property while buying another property.