Lidya Maurer, Rise Realty Co, The Gold Key Group

01/18/2024

Looking for a property with the potential for a 13.9% cap rate?
I got you.
610 Frederick St, Lancaster, Oh
$159,000
AirDNA projects revenues on this property at $31.2K, with a 51% occupancy rate. Even financed, with 20% down and 8.5% interest, the property is projected to produce a potential cash on cash return of 24.1%, and DCR of 1.67.
Why Lancaster? Not only does Lancaster have a market rating of 93, according to AirDNA, but here’s some other things you may not know:
Feb 24th will be Lancaster’s first Winter Brewfest, featuring 25 different breweries and distilleries from all around Ohio. These businesses will bring in many of their own clients, who will be needing a place to stay.
In April, Double Edge Brewing will host their 6th anniversary celebration. Last year they drew a crowd of over 1000 people.
Also in April is a huge solar eclipse that will cross over a portion of Ohio. The last time a full solar eclipse went over Ohio was in 1806, and the next one won’t take place until 2099. The last full solar eclipse visible in the US was in 2017. To give an example of the impact to states located along the path, South Carolina received approximately 1.6 million visitors, who spent about $269 million. Even though Fairfield Co will be outside the path of totality, there will be a need across the state for lodging.
In June, David, owner of Gay Fad Studios, a high end barware company in Lancaster, will be hosting the first Mid Century Modern convention in Lancaster. Most of these conventions take place out west, with Chicago being the closest one. One of the largest annual conventions is in Palm Springs, which received 125,000 attendees. David has been building relationships with artisans in Palm Springs, and is working to bring as many of them here in June as possible.
The Lancaster Artwalk, held every July, had over 20,000 attendees in 2023. This was pulled from cell phone data that excluded people who work and/or live downtown, and would also not include children or adults without cell phones.
These are just the events taking place over the next six months. If you’re interested in learning more about the tourism impact and need for lodging in Lancaster, or additional details regarding these events, I’ll be happy to provide the resources and data. And let me know if you want to check out this property! It’s also just minutes from our local hospital, which means it could also make a great mid-term rental during the off season.
https://www.flexmls.com/link.html?1toassibc53u,17,1

01/10/2024

UPDATE!!! Due to today's lovely weather, the open house has been rescheduled for this Thursday, January 18th, 4-6pm. I hope everyone stays warm and safe this weekend!

$10,000 Price Improvement AND an Open House this weekend!
1620 E. Broad St. Unit 1109, Columbus, Oh 43203
Come see me Saturday, January 13th, from 1-3pm and get a feel for luxury condo life.
📍 Great location, with Franklin Park Conservatory directly across the street, Downtown Columbus nearby, and two hospitals less than ten minutes away!
📍 Completely renovated, with views of the downtown Skyline
📍 Private parking for residents, with underground parking available.
📍 Park Towers community resources include laundry, indoor gathering space with kitchenette, and private outdoor area with community gardens.
📍 COA fee includes all utilities.
📍 Public transportation available directly in front of the building.

Nestled in a beautiful location across from Franklin Park...

12/13/2023

Congratulations to one of my top investors for his recent purchase of 3545 Bis Road! Located on the outskirts of Lancaster, this home offers tons of possibilities but just needs a little TLC. And knowing this client's level of integrity and expertise, I know this one will be brought to it's highest potential. It's always a pleasure to work with other people who share the same devotion, passion, and enthusiasm around real estate as I do. Can't wait to see the improvements on this one!

12/13/2023

Today, we closed on a lovely newly-built 3 bedroom house located in The Overlook, where I had the pleasure of representing a newer builder in town, Arbor Homes. I expect the new owners will create cherishable memories here, with communal trails and a resort-style pool for warmer weather. Regardless if you're a first time homebuyer or an experienced flipper, I have experience to share. And if you'd like to learn more about the Arbor Homes communities and new build homes, let's connect!

12/05/2023

It's Closing Day!

Congrats to my clients as they sell the first investment property they purchased. I met these folks earlier this year and assisted them in purchasing a condo in Columbus that provided the space and community they were looking for when they come in for the summer. Just a couple months later they called to see about listing this long term rental, as their investment goals had shifted away from single family rentals, and has moved in the traveling nurses market. Freshly rehabbed, this home now belongs to a new family, starting their own new chapter. I'm grateful for the trust Ron and Lynn have given me from the beginning of our journey. Congratulations to my Sellers, as well as to the Buyers and their agent!

12/01/2023

Open House at 2681 Bonne Cir, Columbus!

Tomorrow (12/2) from 11am-1pm.

Listed at $274,900

Please join Karissa Carpenter, with Rise Realty Co, as she presents this 1,554sf 4 bed, 2 bath home nestled on a quiet cul-de-sac. Featuring a brand new heat pump, appliances, new floors and fresh paint, taking over this gorgeous home offers two additional incentives- Groveport Madison School District with Columbus city taxes. You'll also enjoy the 2 car garage and spacious backyard, with a comfortable 15-minute drive to the center of Columbus.

Attached is a link for the virtual walkthrough. We hope you can make it!

View this video of this amazing property.

11/20/2023

Here's a Walkthrough Video for the new-build at 1200 Beacon Street in Lancaster! Listed at $339,000.

As gorgeous and spacious as it is, this 3 bedroom, 2 bath ranch-style home with an extensive backyard (on a corner lot!) creates the perfect invitation for a growing family. On one side, enjoy the master bed/bathroom, walk-in closet, utility room with Wifi Hub, and fully equipped laundry room. On the other, you'll find two bedrooms and the other full bathroom. Cable and internet have already been wired to the living room, as well as each bedroom.

Aside from the 2-car garage, there's also an attached, covered patio on the rear of the house. A unique twist, which you'll see in the video...

Text or call Caitlin Dye at 740-603-9672 to find out more!

View this video of this amazing property.

11/17/2023

We just got some exciting updates regarding this property! Due to recent zoning changes in Lancaster, this property may be eligible for conversion to a 1-3 unit residential property. Not only that, but it's located in the Community Reinvestment Area which provides tax abatement & capital gains deferment for certain types of renovations. Interested parties are responsible for their own due diligence regarding desired use. We will be happy to connect you with the proper parties if you would like to learn more about this great opportunity to create passive income! Give us a call or text at 740-205-7609.

Welcome to this multi-functional commercial facility conv...

11/10/2023

Welcome to 1200 Beacon Street in Lancaster!

$339,000

A new build fully equipped with 3 bedrooms, 2 full baths, front porch and covered back patio, as well as an attached two car garage and concrete driveway! To add a bonus, the utility room includes a compartment for your internet router with each main room already wired for cable and internet.

Enjoy barstool seating at the kitchen island, a sink for conveniency in the laundry room, and a double-sink in the master bathroom! It truly is hard to beat everything this property offers.

Call or text Caitlin Dye at 740-603-9672 to see if this is the perfect home for you!

This new build ranch home offers easy one floor living. T...

11/10/2023

Back on the market and freshly remodelled!

610 Frederick St. in Lancaster, OH

$172,900

Step into this cozy 2 bedroom cottage to find first floor laundry, a spacious kitchen with updated appliances, and plenty of sunlight shining through! Upstairs offers a genuinely oversized bedroom, while the backyard presents an abundant space to relax and unwind. Only 4 minutes from Fairfield Medical Center!

Welcome to this gorgeous home in a quiet neighborhood, we can't wait to see you there!

Back on the market with a fresh makeover and tons of upda...

11/07/2023

Improved Price: $189,900!

1620 E Broad St. Unit #1109

Explore the endless possibilities of living in the heart of Columbus! With a fitness center, laundry facility, conference room and plenty of common area, even your view from the 11th floor urges maximum comfort. Enjoy the flexibility of smaller living while seeking big city opportunities!
So what are you waiting for? Come see the beauty of Park Towers today!

Listing link: https://myre.io/0nOajogaHpni

Virtual tour: https://bookings.fairytalefilmsohio.com/videos/16f52433-beaa-48c2-a245-af1c23fa6541

To schedule a tour of the Condominium, please reach out to Caitlin Dye at 740-603-9672. Thanks!

11/03/2023

Please join Caitlin and Loree for champagne and hors d'oeuvres tonight from 6-8pm as they present:

Park Towers Condominium
1620 E Broad St. Unit #1109
List Price $199,900

An exceptionally renovated 1 bedroom, 1 bath condo that overlooks the gorgeous view of Columbus. Amenities include a fitness center, laundry facility, bike path and additional underground parking. Nurses and hospital personnel will appreciate the short 10 minute drive to Children's Hospital, and a mere 3 minutes to Ohio State East! This condo is conveniently located in the heart of our capitol, which creates easy access to your favorite entertainment venues, restaurants and shopping plazas.

Feel free to stop by for real estate advice or direction on getting a loan approval. We hope to see you there!

*Please check in with front desk upon entering and exiting the building.

View this video of this amazing property.