NOT LISTED FOR SALE

1450 Elaine Rd Columbus, OH 43227

Leawood Neighborhood
12 Beds
-- Bath
7,200 Sq Ft
0.49 Acres

Last Sold April 30, 2014

Last sale price $300,000 $42 Per Sq Ft

142 Days on Market

Highlights

  • 0.49 Acre Lot
  • Cooling Available
  • Heating System Uses Oil

About This Home

As of April 2014

9.56% Cap Rate. 100% Occupied Fully Renovated in 2013. Ave Rents = $420/mo. Elaine Rd Apartments 12 One-Bedroom units in 3 buildings on one parcel. Brick exterior, new windows, doors, kitchens, bathrooms, appliances, flooring, fixtures, AC units, baseboard heaters & water heaters. Seller receives Sec 8 rent via wire transfer at the start of each month. Solid investment. 18.31% ROE with 20% down (25.98% total return with principal reduction). 3/8 mile west of Hamilton Rd.

Last Agent to Sell the Property

Douglas Tenenbaum

Howard Hanna Real Estate Svcs Listed on: 12/04/2013

Last Buyer's Agent

Jack Orum

RE/MAX ONE License #431635

RE/MAX ONE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,562

Year Built

  • Built in 1963

Lot Details

  • 0.49

Home Design

  • 7,200 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Cooling Available
  • Heating System Uses Oil

Additional Features

  • Washer and Dryer Hookup
  • 0.49 Acre Lot

Listing and Financial Details

  • The owner pays for electricity, sewer, trash collection, water
  • Assessor Parcel Number 010-208503

Community Details

Overview

  • 3 Buildings
  • 12 Units

Building Details

  • Operating Expense $25,783
  • Gross Income $57,456
  • Net Operating Income $28,672

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,562

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1963
  • Tax Year: 2012
  • Lot Size Acres: 0.49
  • Total Gross Income: 57456.0
  • Co List Office Phone: 614-240-7400
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 41.67
  • Income Expenses Gross Income: 57456.0
  • Annual Expenses: 25783.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 7200.0
  • General Property Info # of Buildings: 3.0
  • Miscellaneous WD Hookups: Yes
  • Heat Fuel Electric4: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Utilities

  • Heating: Oil
  • Cooling: Other
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-208503
  • Lot Size Sq Ft: 21344.4
  • Zoning Description: R-4

Rental Info

  • Owner Pays: Electricity, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 28672.0
  • Annual Operating Expense: 25783.0
  • Vacancy Allowance Rate: 3024.0

Tax Info

  • Tax Annual Amount: 1562.36

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $300,000 0.0% $42 / Sq Ft
03/31/2014 03/31/14 Pending -- -- --
12/04/2013 12/04/13 For Sale $300,000 -- $42 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Douglas Tenenbaum

    Howard Hanna Real Estate Svcs

  • Jack Orum

    Buyer's Agent in 2014

    Jack Orum

    RE/MAX

    (614) 325-1699

    27 Total Sales

    Jack Orum
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 213041601

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43227 Leawood

1450 Elaine Rd, Columbus, OH

Not Listed for Sale

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