$235,000
SOLD JUN 13, 2024

1587 Indianola Ave Unit 1585 Columbus, OH 43201

-- Bed
-- Bath
3,647 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

45% Below List Price

17 Days on Market

About This Home

As of June 2024

Calling all investors! Don't miss out on this incredible opportunity to own a piece of history in the heart of the OSU campus. This charming historic brick building features four units, each with one bedroom, waiting to be transformed into lucrative student rentals. What sets this property apart? In addition to its prime location and immense potential, it also boasts the rare advantage of having long-term renters in place.Situated in a prime location, this fixer-upper offers immense potential for generating passive income and expanding your investment portfolio. Whether you're a seasoned investor or just starting out, this property is a fantastic opportunity

Last Agent to Sell the Property

Chris Harrington

Howard Hanna Real Estate Svcs License #2022002274

Co-Listed By

Elise Garrett

Howard Hanna Real Estate Svcs License #2022001902

Last Buyer's Agent

Walter Burlack

Key Realty License #2023000333

Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,378

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • 3,647 Sq Ft Home
  • Brick Exterior Construction

Parking

  • On-Street Parking
  • Off-Street Parking: 1

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 010-090787

Community Details

Overview

  • 4 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $5,760
  • Gross Income $22,800
  • Net Operating Income $19,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,378

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2023
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.05
  • Total Gross Income: 22800.0
  • Co List Office Mls Id: 07644
  • Co List Office Phone: 937-644-0047
  • Co List Office Phone: 937-644-0047
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 22800.0
  • Annual Expenses: 5760.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 3647.0
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 1.0
  • Air Conditioning None3: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: 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: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-090787
  • Lot Size Sq Ft: 2178.0

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 19601.0
  • Annual Operating Expense: 5760.0

Tax Info

  • Tax Annual Amount: 4378.0

Map

Range of Values:

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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 Change Sq Ft Price
06/13/2024 06/13/24 Sold $235,000 -37.3% $64 / Sq Ft
05/20/2024 05/20/24 Price Changed $375,000 -11.8% $103 / Sq Ft
05/10/2024 05/10/24 For Sale $425,000 -- $117 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224014816

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43201

1587 Indianola Ave Unit 1585, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 1587 Indianola Ave Unit 1585, Columbus, OH 43201 and is currently priced at $235,000, approximately $64 per square foot. This property was built in 1900. 1587 Indianola Ave Unit 1585 is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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