NOT LISTED FOR SALE
10 Beds
10 Baths
4,584 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: November 25, 2022

Last sale price $400,000 $87 Per Sq Ft

183 Days on Market

About This Home

As of November 2022

This is a unique 8 unit apartment building in Mount Vernon with so much upside for the new investor its pretty incredible! There are 7 one bedroom units, 1 two bedroom unit, a garage space that can be utilized for a rental storage unit or convert to a one of a kind living space for the new owner/investor! The total income currently on this property is 4100.00 with so much more rental income opportunity for the new owner too! This property could EASILY be bringing in 5000.00 per month in rental income. The tenant's each pay their own electric & gas while the owner pays the water/sewer and trash bill. If you are looking for a solid investment in Knox County that is centrally located in Mount Vernon than you need to check out this property!

Last Agent to Sell the Property

Rebekah Mullins

Red 1 Realty License #2005003139 Listed on: 08/11/2022

Last Buyer's Agent

Brianna McEowen

Red 1 Realty License #2021004734

Red 1 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1910

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • 3 Car Attached Garage

Home Design

  • 4,584 Sq Ft Home
  • Duplex
  • Frame Construction

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 66-02748.000

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Operating Expense $977
  • Gross Income $4,100
  • Net Operating Income $3,123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,092

Year Built

Built in 1910

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2021
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.18
  • Total Gross Income: 4100.0
  • Co List Office Phone: 614-585-9020
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 92.69
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 4100.0
  • Annual Expenses: 977.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 4584.0
  • General Property Info # of Buildings: 2.0
  • Air Conditioning None3: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features 2 Car Garage2: Yes
  • Parking Features Attached Garage2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: None
  • Cooling Y N: No
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: MT VERNON CSD 4205 KNO CO.

Lot Info

  • Parcel Number: 66-02748.000
  • Lot Size Sq Ft: 7840.8
  • Additional Parcels: No

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 3123.0
  • Annual Operating Expense: 977.0

Tax Info

  • Tax Annual Amount: 3092.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Nov 25, 2022
Sold by
Bought by
Seller's Agent
Rebekah Mullins
Red 1 Realty
Buyer's Agent
Brianna McEowen
Red 1 Realty
List Price
$424,900
Sold Price
$400,000
Premium/Discount to List
-$24,900
-5.86%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0708%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 13, 2017
Closed on
Mar 8, 2017
Sold by
Bought by
Seller's Agent
Robert Harrod
Re/Max Stars
Buyer's Agent
Tim Smith
e-Merge Real Estate Champions
List Price
$162,500
Sold Price
$150,000
Premium/Discount to List
-$12,500
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.71%

Purchase Details

Closed on
Jul 16, 2001
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$14,000 --
$200,000 None Available
-- --
$85,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2022 11/25/22 Sold $400,000 -5.9% $87 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $424,900 +183.3% $93 / Sq Ft
03/08/2017 03/08/17 Sold $150,000 -7.7% $43 / Sq Ft View Prior Sale
02/18/2017 02/18/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $162,500 -- $47 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,107 $63,270 $7,640 $55,630
2024 $3,107 $63,270 $7,640 $55,630
2023 $3,153 $63,270 $7,640 $55,630
2022 $3,092 $57,520 $6,950 $50,570
2021 $3,092 $57,520 $6,950 $50,570
2020 $2,983 $57,520 $6,950 $50,570
2019 $2,383 $42,350 $8,140 $34,210
2018 $2,415 $42,350 $8,140 $34,210
2017 $2,372 $42,350 $8,140 $34,210
2016 $2,412 $43,160 $8,950 $34,210
2015 $2,412 $43,160 $8,950 $34,210
2014 $2,407 $43,160 $8,950 $34,210
2013 $2,186 $46,060 $8,410 $37,650
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222013880

Columbus and Central Ohio Regional MLS
Your Personal Tour Guide

Ask me questions while you tour the home.