NOT LISTED FOR SALE

1662 Summit St Columbus, OH 43201

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

Sale Details

Date 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
  • 11,761 Sq Ft 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

0.27 Acres

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
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

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
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

Agents Affiliated with this Home

  • Matthew Brown

    Seller's Agent in 2017

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    5 in this area

    16 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

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.