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This OSU off-campus student housing investment property is located on Indianola Avenue just north of Oakland Avenue, approximately three blocks east of N. High Street near The Ohio State University main campus.
The investment opportunity includes two structures, a 9BD/2 BA house (2269 Indianola) and an adjoining 2 BD/2 BA (2263) renovated carriage house along the alley in the rear of the lot.
The large three-story house has central A/C, three furnaces (two in basement, one on 2nd floor), stained glass in the stairwell, spacious bedrooms, modern kitchen, full basement and free washer/dryer in the first floor laundry room. The two-story carriage house in the rear has been completely renovated with designer finishes throughout. It has central A/C, new windows, kitchen and baths and free second floor laundry.
The overall lot features a very large side yard and abundant parking that is shared by the two apartments, which must be sold together. Tenants pay all utilities in both.
Both are currently 100% occupied for the 2018-19 academic year. 2263 Indianola is 100% pre-leased for 2019-20 and leasing is underway for 2269 Indianola.
Updated on February 22, 2019 at 3:30 pm