6900-6928 Gemstar Road, Reynoldsburg, OH 43068
6900-6928 Gemstar Road, Reynoldsburg, OH 43068
6900-6928 Gemstar Road, Reynoldsburg, OH 43068
6900-6928 Gemstar Road, Reynoldsburg, OH 43068
6900-6928 Gemstar Road, Reynoldsburg, OH 43068
6900-6928 Gemstar Road, Reynoldsburg, OH 43068
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$ 1,399,999
Est. payment | /mo

0.78 Acres Lot


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$ 1,399,999
Est. payment | /mo
Save

0.78 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Independence Village

MLS Listing ID 226030558

Year Built 1987

Annual Tax Amount $12,236

Lot Size 0.780 Acres

Lot Dimensions 0.78

Property Sub-Type Duplex

Source Columbus and Central Ohio Regional MLS

Property Description

Rare multi-unit investment opportunity in Reynoldsburg featuring eight townhome-style residences across four separate buildings, all situated on one parcel within the Groveport Madison School District. Each building includes two units, with every residence offering 3 bedrooms, 2.5 baths, an attached garage and basement--an appealing combination of space, privacy and functionality. Seven of the eight units have undergone recent renovations, providing an attractive blend of updated residences, immediate income and future upside.

Seven units are currently renting for approximately $1,600 per month, while the remaining unrenovated unit is leased at a lower rate, creating additional income potential with future improvements. Each residence is separately metered for gas, electric and water, with tenants responsible for all utilities, helping keep ownership expenses efficient.

Private entrances, garage parking and basement space give each residence a true townhome feel, while the four-building configuration allows for efficient management of all eight units in one location. Conveniently located near major roadways, shopping, dining and employment centers. A unique opportunity to acquire a substantial, income-producing multifamily asset with strong existing rents and additional upside.

Curb offers only. Please do not disturb tenants.

Location

State OH

County Franklin

Community Independence Village

Area 0.78

Rooms

Other Rooms None

Dining Room No

Interior

Heating Forced Air

Cooling Central Air

Equipment No

Laundry No Laundry Rooms

Exterior

Parking Features Common

Schools

High Schools Groveport Madison Lsd 2507 Fra Co.

School District Groveport Madison Lsd 2507 Fra Co.

Others

Tax ID 530-210669

Acceptable Financing Conventional

Listing Terms Conventional

Listed by Benjamin Thomas Hemmert Howard Hanna Real Estate Svcs

Nearby Locations

GET MORE INFORMATION

Ann Adams
Ann Adams

REALTOR® Lic# 2014003309

+1(614) 483-2315

3989 Broadway 370, Grove City, OH 43123, USA

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6900-6928 Gemstar Road