503 Berkeley Rd # 505 Unit 503 Columbus, OH 43205
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About this home
Charming Duplex Opportunity South of Main Columbus, OH. Discover the perfect blend of historic charm and modern convenience in this delightful duplex nestled in the vibrant South of Main neighborhood, just minutes from downtown Columbus. Whether you're a savvy investor seeking steady rental income or a buyer looking to owner-occupy one side while renting the other. Enter this beautifully updated 3-bedroom, 1-bathroom gem spanning 1,152 square feet of thoughtfully designed living space. Fresh granite countertops and sleek stainless steel appliances elevate the kitchen, while newer flooring throughout adds a touch of contemporary elegance. Cozy up by the decorative fireplace in the living area, and enjoy the comfort of central air conditioning on warm summer days. Additional perks include a full-size washer and dryer in the secure basement storage and convenient off-street parking. With its prime downstairs layout, this unit is ideal for families, professionals, or anyone craving easy single-level living. Complementing the property is the spacious upstairs unit at 503 Berkeley Rd, offering flexible space for additional tenants or family members. This well-maintained apartment features classic architectural details with room to personalize, ensuring it appeals to a wide range of renters in this high-demand market. Both units benefit from the duplex's shared charm, including durable construction and proximity to everything Columbus has to offer. Stroll to local favorites like the Capital City Grill or take a quick ride to the scenic Scioto Mile riverfront. Education enthusiasts will love being just 1.4 miles from Capital University and a short drive to Ohio State University, infusing the area with youthful energy and cultural buzz. This duplex represents exceptional value in a neighborhood where historic homes and tree-lined streets create an unbeatable lifestyle. Don't miss your chance to own a piece of it—schedule a showing today and envision the possibilities!
Source: COLUMBUSOH #225036846
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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