Franklin County, Columbus, OH 43204

Property Overview Type: Single Family Residence with BONUS additional lot included. Beds/Baths: 4 bedrooms, 2 bathrooms. Square Footage: 1,738 sqft. Year Built: 1910. Foundation: Partial basement. Location: Columbus OH 43204. Average DOM in 43204: 36 days. Property Highlights This deal comes with an ADDITIONAL LOT included in the purchase price. Two parcels for one price. The extra lot can be held, built on, or sold separately for $10K to $25K, giving the buyer immediate equity recovery. Located in an active investor corridor in Columbus 43204 where cash buyers are consistently transacting. Condition Details Roof: 12 years old. HVAC: Working, newer system. No central air conditioning, window units or mini-split needed. Water heater: Newer. Electrical: Good, updated panel box. Plumbing: Good, minor work needed in upstairs bathroom. Foundation: No issues noted. Windows: Need updating. Siding: Needs paint. No water, mold, or fire damage. No open liens or code violations. All liens found and cleared. Why This Deal Works Cash investors on the same block (Burgess Avenue) are paying $65 to $75 per square foot for comparable properties. At the entry fee of $105,000 this deal is priced at $60 per square foot, which is 15% to 20% BELOW what proven cash buyers are paying in this exact neighborhood. Three verified cash sales on Burgess Ave confirm investor activity and pricing in this area. ARV Breakdown After Repair Value: $265,000 based on three renovated sold comps. 27 S Oakley Ave, Columbus OH 43204, sold $215,000 on 3/17/2026, 0.3 miles from subject. 65 S Hague Ave, Columbus OH 43204, sold $205,000 on 7/10/2026, 0.4 miles from subject. 152 S Burgess Ave, Columbus OH 43204, sold $203,000 on 6/10/2026, 0.4 miles from subject. 65 S Hague is currently relisted at $244,900 post-renovation, confirming the ARV ceiling is strong above $250K. Repairs Needed Estimated repair cost: $70,000 based on walkthrough with photos. Work includes kitchen, bathrooms, flooring, paint, window replacement, siding paint, and minor plumbing in upstairs bathroom. No central air, so budget for AC installation. Roof has 12 years of life, HVAC and water heater are newer, electrical panel is updated. The big ticket mechanicals are already done which reduces risk for the buyer. Flip Analysis Entry fee: $105,000. Buy now: $115,000. Repairs: $70,000. Total all-in: $175,000 to $185,000. ARV: $220,000. Gross spread: $35,000 to $45,000. Plus the additional lot valued at $10K to $25K. Total potential profit: $45,000 to $70,000. Timeline: 3 to 4 month flip. BRRRR Analysis All-in at $175,000 to $185,000 after rehab. Monthly rent: $1,700. Annual gross rent: $20,400. Gross yield: 11% to 11.7%. Annual property taxes: $1,720. Estimated insurance: $120 per month. Refinance at 75% LTV on $220K ARV: $165,000 loan. Remaining capital in deal: $10,000 to $20,000 which is offset by the bonus lot value of $10K to $25K. Effectively a no-money-left-in-deal BRRRR. Monthly cash flow after PITI: approximately $500 to $600. Plus you still own the bonus lot. Deal Terms Entry Fee: $105,000. Buy Now Price: $115,000. Payment: Cash only. Close on or before: 8/27/2026. Accepting offers until: 8/12/2026. Title: Clear, all liens found and cleared. Title company: Opening this week. EMD: $1,500, hard after inspection period. Inspection period: 2 days. Access: By appointment only. Showing Instructions Property is vacant and easy to show. By appointment only. Contact Kim Morgan at [contact details hidden] to schedule. This is a rare opportunity to acquire a 4/2 property PLUS a bonus lot at 15% to 20% below proven cash investor pricing in the same neighborhood. Newer mechanicals (HVAC, water heater, electrical panel) mean lower risk and faster rehab timeline. 40 photos available. The numbers work for flippers, BRRRR investors, and buy-and-hold landlords. Contact: Kim Morgan, Hoperty Home Buyers, [contact details hidden]