5501 Cypress Unit G21, Columbus, OH

5501 Cypress Unit G21, Columbus, OH, USA

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69 m²

Location

Ohio

Description

Hawthorne Lakes condominium complex 1-car garage unit. Garage units in this complex are deeded separately from residential units. Owners are responsible for the interior and the condo association is responsible for the exterior. Manual garage doors and no interior electric. Owners/renters of the garage units are not required to be owners/renters of a residential unit in the community. These units are a great budget alternative to a traditional storage facility and could be an excellent investment with low entry, overhead, and maintenance costs. If rented for $100/month, investors could achieve a cap rate of over 8%. Currently rented month to month at $75/month. Expenses include an $11/month condo fee, and yearly taxes of $167.90. Units G22, and G48 also available.