250 S Terrace Ave, Columbus, OH 43204

This is a Turn-Key investment home. There are three-year tenants in the property, under lease through March 31, 2023. Rent is $1,050/month. Current Cap Rate: 8.0%. Market rent for area is $1,350-$1,500. Bring rent up to market value -($1400/month), brings the Cap Rate up to 11.5%. Has a two-car garage. Home has had the furnace, hot water tank replaced. Fully painted inside. Full basement, covered patio. Fenced yard. Mechanicals - roof - 9 years, furnace-3 years (seven years left on warranty), hot water tank - 3 years ( three years left on warranty), plumbing replaced with cpvc. Square D panel- wiring has ground wire. Reason selling is to do a 1031-exchange into a larger multi-family property. Also selling 276 S. Harris Ave, 43204. Please do not disturb the tenants.