NOT LISTED FOR SALE

1662 Summit St Columbus, OH 43201

Indianola Terrace Neighborhood
12 Beds
-- Bath
10,752 Sq Ft
0.27 Acres

Last Sold September 27, 2017

Last sale price $1,325,000 $123 Per Sq Ft

22 Days on Market

About This Home

As of September 2017

OSU off-campus student housing investment, containing 12 - 2 BD / 1 BA units (24 total beds). Units are renovated with large updated kitchens in 2016, spacious bedrooms, large closets, central A/C, laundry room and electronic locks. The units are 100% pre-leased for 2017-18 academic year gross rent per month is $13,200. Owner pays all utilities. Can be purchased individually or part of a 6 property off-campus portfolio that includes 307 E. 15th, 299 E. 15th and 1608 Summit.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 06/15/2017

Last Buyer's Agent

Roger Willcut

Casto Residential Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $19,890

Year Built

  • Built in 1966

Lot Details

  • 0.27

Parking

  • Assigned Parking

Home Design

  • 10,752 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Available

Additional Features

  • Washer and Dryer Hookup
  • 0.27 Acre Lot
  • Basement

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 010-006183

Community Details

Overview

  • 12 Units

Building Details

  • Operating Expense $62,882
  • Gross Income $157,440
  • Net Operating Income $94,558

Property Details

Home Type

Apartment

Est. Annual Taxes

$19,890

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1966
  • Tax Year: 2016
  • Property Sub-Type: Apartment
  • Lot Size Acres: 0.27
  • Total Gross Income: 157440.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 126.02
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 157440.0
  • Annual Expenses: 62882.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 10752.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: 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:Brick2: Yes

Garage/Parking

  • Parking Features Assigned2: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-006183
  • Lot Size Sq Ft: 11761.2
  • Additional Parcels: No

Rental Info

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

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 94558.0
  • Annual Operating Expense: 62882.0

Tax Info

  • Tax Annual Amount: 19890.0
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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
09/27/2017 09/27/17 Sold $1,325,000 -2.2% $123 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $1,355,000 -- $126 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Brown

    Seller's Agent in 2017

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    7 in this area

    20 Total Sales

    Matthew Brown
    Section Image

  • R

    Buyer's Agent in 2017

    Roger Willcut

    Casto Residential Realty

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217020800

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43201 Indianola Terrace

1662 Summit St, Columbus, OH

Not Listed for Sale

MultiFamily

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