2407 Summit Street Columbus, OH 43202

Property Description

Exceptional investment opportunity in the heart of the highly desirable Old North Columbus corridor! Ideally located just minutes from The Ohio State University, Downtown Columbus, and the Short North Arts District, the property benefits from consistent rental demand driven by students, young professionals, and long-term residents seeking convenient access to major employment, dining, and entertainment hubs. All units are currently occupied, providing immediate in-place cash flow. The property also features a detached garage, offering additional tenant convenience and potential added value. Unit 2407 features 1 bedroom and 1 bathroom and is currently rented for $1,000 per month plus a $50 monthly water/sewer/trash fee on a month-to-month lease, presenting an excellent opportunity for an investor to reposition rents to market rates or for an owner-occupant seeking a house hacking opportunity. Unit 2407 1/2 features 4 bedrooms and 1 bathroom and is rented for $1,375 per month plus a $75 monthly water/sewer/trash fee through July 31, 2026, providing stable rental income. The property has also seen numerous capital improvements and cosmetic updates, including refinished hardwood floors (2025 - lower unit, 2022 - upper unit), new electrical panels for each unit (2022), detached garage rebuild (2021), fresh paint and updated fixtures (2021 - upper unit, 2025 - lower unit), updated vinyl windows (2020), roof replacement/update (2020), and a chain-link fenced backyard (2022). With its prime central location, strong rental demand, existing occupancy, and extensive recent improvements, this property offers an attractive opportunity for both investors and owner-occupants alike.

Property Features

Local Schools