1167 Neil Ave is a beautifully renovated home in one of the hottest areas of #Columbus. The property would make an incredible home, a slam-dunk #househack, or a fundamentally sound buy and hold #rental. This area is a hotspot for trendy bars, restaurants, events, shows, the attractions go on and on. It's also walking distance to two different hospitals and a Veterinary school. The location means this property can be utilized as a long term rental, a house hack, a short term rental, or a medium term rental. There is also data to suggest substantial appreciation in the next 5-10 years for the area.
Perhaps the most attractive feature of the property is the potential to isolate the 3rd story into its own unit.
The property is priced high, given its high DOM. However, the price is supported by area comps and rental rates. Regardless, the fact remains, cash flowing this property is near impossible without the utilization of creative financing, a significant price drop, or a combination of the two.
For the right buyer this is going to be a wonderful home, or investment property, but hopefully it will be both.
Do you have a deal you'd like me to take a look at? Send it my way to michaelgallagher@teamtruitt.com and I'll be happy to run the numbers.
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