


1775 Alcoy Drive Columbus, OH 43227
Description
226024068
Multifamily
1950
Columbus Csd 2503 Fra Co.
Franklin County
Columbus, Oh 7 Units
Listed By
COLUMBUS OH MLS
Last checked Jun 30 2026 at 3:03 PM GMT+0000
- Columbus, Oh 7 Units
Current gross rental income is $84,780 annually, with projected stabilized gross income of $117,960 annually once the two vacant properties are leased. The portfolio includes five income-producing properties and two vacant homes ready for immediate lease-up.
Property mix includes slab and full basement homes, multiple garage-equipped properties, and one parcel featuring two separate rental homes (2220 Sale Rd.). Current leases include both month-to-month and long-term tenants, providing a balance of immediate income and future flexibility.
Current rents include:
512 S. Hampton Rd. - $1,545/month (Month-to-Month)
1339 S. Yearling Rd. - $1,595/month (Lease through August 2026)
4498 E. Livingston Ave. - $1,425/month
2220 Sale Rd. Front - $1,600/month (Lease through March 31, 2027)
2220 Sale Rd. Rear - $900/month (Month-to-Month)
Vacant properties include 484 S. Hampton Rd. (previously rented for $1,265/month) and 1775 Alcoy Dr. (estimated market rent of $1,500/month), offering immediate upside through lease-up.
Portfolio is being sold As-Is and will not be divided. This is an ideal opportunity for investors seeking immediate cash flow with additional income growth potential in established Central Ohio rental markets.
Current Gross Rent: $84,780/year (9.4% gross yield)
Stabilized Gross Rent: $117,960/year (13.1% gross yield)
- Properties being sold as-is
*Properties owned by licensed Realtor in the State of Ohio.