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6900-6928 Gemstar Road, Reynoldsburg, OH 43068

$1,399,999
  • 6900-6928 Gemstar Road, Reynoldsburg, OH 43068 Main Photo

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BEDS0 BATHS SQUARE FEET4,012 MLS#226030558
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONIndependence Village SCHOOLGROVEPORT MADISON LOCAL

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.

6900-6928 Gemstar Road | MLS# 226030558

This multi-family property located at 6900-6928 Gemstar Road, Reynoldsburg, OH 43068 is currently listed for sale with an asking price of $1,399,999. 6900-6928 Gemstar Road is located within the GROVEPORT MADISON LOCAL school district. Search Reynoldsburg real estate on www.brokerjay.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.78 Acres
Taxes: $12,236
Year Built: 1987

Feature Descriptions

Days on Site: 79
Parcel #: 530-210669
Parking: Common

Local Schools

School District: GROVEPORT MADISON LOCAL

Listed By / Shown By

Listed By

Agency Name: Howard Hanna Real Estate Svcs
Agent Name: Benjamin Thomas Hemmert
Agency Phone: 614-891-7400

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Shown By

Agent Name: Jay Mattlin
Agent Phone: (740) 974-4190 Cell
Agency Title: Key Realty

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Estimated Payment

$ 9,259.20 per month $7,831.20 Principal & Interest $1,019.67 Property Tax $408.33 Homeowner's Insurance

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