303 Hope Avenue, Columbus, IN 47201

Property Description

Turn-Key Duplex Opportunity with Value-Add Potential in Columbus! Welcome to 303 & 305 Hope Avenue-an exceptional investment opportunity featuring a separately metered duplex plus a detached, separately metered garage with the potential to be converted into a third income-producing unit. Whether you're an investor looking to maximize returns or a buyer seeking a house-hack opportunity, this property checks all the boxes. Both units are currently vacant, giving you the flexibility to place your own tenants at market rents or live in one side while generating income from the other. Unit 305 offers a 1 bedroom, 1 bathroom layout with a full unfinished basement, while Unit 303 features 2 bedrooms, 1 bathroom and its own full unfinished basement-ideal for additional storage or future expansion. Previously unit 305 rented for $1,012/month while unit 303 rented for $1,112/month, plus an additional $100/month for the garage, this property offers immediate income potential. Tenants pay all utilities, keeping operating expenses low and maximizing your cash flow. The detached garage presents a unique value-add opportunity-finish it out as a third unit to significantly boost rental income and overall property value. With ample off-street parking and a convenient Columbus location close to shopping, dining, and amenities, this is a rare find with multiple income streams. Whether you're building your portfolio or looking to offset your monthly expenses, this turn-key duplex with upside potential is one you won't want to miss!