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$ 1,595,000
Est. payment /mo
Active
69006928 Gemstar Road Reynoldsburg, OH 43068
0.78 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Independence Village
MLS Listing ID 226002293
Year Built 1987
Annual Tax Amount $11,549
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 offering eight total townhome-style residences across four separate buildings, all located on one parcel within the Groveport Madison School District. Each building features two units, and every home offers a functional and spacious layout with 3 bedrooms, 2.5 baths, an attached garage, and a full basement, features that consistently drive strong rental demand. 7 of the 8 units have had major recent renovations.
Each unit is individually metered for gas, electric, and water, with tenants responsible for all utilities, helping keep operating expenses low for ownership. Current rents range from $1,300 to $1,595 per month, providing immediate income with long-term upside as the Reynoldsburg rental market continues to strengthen.
The townhome design offers private entrances, garage parking, and additional basement storage or living space, all of which appeal to long-term tenants. The four-building configuration provides a neighborhood feel while maintaining management efficiency. Conveniently located near major roadways, shopping, dining, and employment centers, this property is well positioned for steady occupancy.
An excellent opportunity for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset in a growing suburban market.
Curb offers only. Please do not disturb tenants.
Each unit is individually metered for gas, electric, and water, with tenants responsible for all utilities, helping keep operating expenses low for ownership. Current rents range from $1,300 to $1,595 per month, providing immediate income with long-term upside as the Reynoldsburg rental market continues to strengthen.
The townhome design offers private entrances, garage parking, and additional basement storage or living space, all of which appeal to long-term tenants. The four-building configuration provides a neighborhood feel while maintaining management efficiency. Conveniently located near major roadways, shopping, dining, and employment centers, this property is well positioned for steady occupancy.
An excellent opportunity for both seasoned investors and those looking to expand their portfolio with a stable, income-producing asset in a growing suburban market.
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
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