1038 Lockbourne Road

Columbus, OH 43206
$630,000
Income-producing 4-unit property generating $5,600/month ($67,200 annually) with tenants paying separate utilities, keeping owner expenses low and returns strong. Current cap rate approximately 8% with clear upside through cosmetic improvements and future rent increases. All four units currently leased at $1,400/month, providing immediate and stable cash flow. Ideal opportunityRead MoreRead Less
Courtesy of LPT Realty 877-366-2213, Michael B Pillow 740-504-6251.
Listing Snapshot
Days Online
104
Last Updated
Property Type
Midrise
Lot Size
0.17 Acres
Year Built
1923
MLS Number
226001615
Property Location Map
Additional Details
Building
Built in 1923
Expenses
Electric expense: $30, Insurance expense: $3,802, Operating expense: $8,962, Water sewer expense: $200
Income
Gross income: $76,752, Net operating income: $67,790
Lot
0.17 acres, Lot size area: 0, 7,405 square feet
Parking
4 total parkings
Sewer
"Public Sewer"
Taxes
Tax annual amount: $9,532, Tax year: 2024
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Monthly Payment
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Mara Ackermann
Owner and Realtor
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