Located in Columbus's highly desirable Short North Arts District, surrounded by shopping, restaurants, entertainment, and downtown amenities
Completely remodeled with high-end finishes throughout
Estimated current value of $410K+, offering potential equity at the $330K purchase price
Furnace updated in 2022
Seller is looking to access the equity in the property quickly, creating an opportunity for an investor to acquire the property under a unique purchase arrangement
Investment Structure & Income Potential
Purchase Price: $330,000
Lease Term: 2 years
Monthly Rent: $3,000
Total Rental Income: $72,000 over 24 months
Seller's Option to Purchase: $400,000 base price or the property's then-current market value, whichever is higher
Important: Rent payments throughout the 2-year lease will NOT be applied toward the purchase price.
The current owner needs access to their equity as soon as possible. The proposed arrangement is a sale at $330,000, with the current owner entering into a separate 2-year lease with the new owner at $3,000/month.
At the end of the lease term, the seller will have the option to purchase the property back for $400,000 or its then-current market value if higher. The rental payments made during the lease are separate and will not be credited toward the purchase price.
There will be no commission or hidden fees associated with the seller exercising the purchase option, according to the proposed terms. Final terms will be presented, reviewed by your attorney, and mutually agreed upon before closing.
Location Highlights – Short North / Downtown Columbus
Located in the heart of Columbus's Short North Arts District, this A-grade location offers convenient access to restaurants, shopping, entertainment, and downtown employment centers.
The area attracts traveling professionals, visitors, Ohio State University affiliates, and people looking for short- and medium-term housing options. With its central location and strong demand drivers, Short North offers an attractive opportunity for investors seeking long-term appreciation potential.
Nearby comparable condo sales include:
802 N 4th Street — 2 Bed / 2.5 Bath, 1,336 SqFt. Sold for $395,000.
270 Dickenson St, Unit 304 — 2 Bed / 2.5 Bath, 1,457 SqFt. Sold for $590,000.
270 Dickenson St, Unit 301 — 2 Bed / 2.5 Bath, 1,435 SqFt. Sold for $620,000.
58 E Hubbard Avenue — 2 Bed / 2 Bath, 1,283 SqFt. Sold for $460,000.
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ARV $410,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $400,000.
