$120,000
186 Avondale Ave
Columbus
OH
43223
Living Area
784
Bedrooms
2
Bathrooms
1
Category
Buy
Status
Active
Description
Outstanding opportunity for investors seeking cash flow today and development potential tomorrow.Located in the rapidly evolving Franklinton neighborhood. This R2F-zoned parcel offers rare flexibility for investors, developers, or owner-occupants seeking long-term value in one of Columbus's most active redevelopment corridors.The property includes a recently renovated 2-bed, 1-bath single-family home that is move-in ready and was last rented for $1,150/month, providing immediate income potential. Renovations include new flooring, light fixtures, W/D hookup, stainless appliances, cabinets, and quartz countertops.Additional upside can be realized as zoning allows for a duplex to be built on the site, creating a strong path for value-add development or a future multi-unit hold strategy. Whether you choose to maintain the updated home, add a second unit, or redevelop entirely, the parcel delivers meaningful optionality in a supply-constrained urban submarket.Franklinton continues to benefit from significant public and private investment, expanding retail, new residential construction, and improving infrastructure, driving steady renter demand and long-term appreciation.
Additional Details
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- MLS ID
- 225044758
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- Listing Agent
- Brett Ludwig
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- Listing Date
- 2024-04-03
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- Days on Site
- 1 year ago
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- Built In
- 1900
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- Architecture
- -
