NOT LISTED FOR SALE

18 Whitethorne Ave Columbus, OH 43223

Central Hilltop Neighborhood
4 Beds
-- Bath
6,840 Sq Ft
6,098 Sq Ft Lot

Last Sold March 10, 2017

Last sale price $115,000 $17 Per Sq Ft

210 Days on Market

Highlights

  • Home Security System
  • Forced Air Heating System
  • 2-minute walk to Hilltop Community Park

About This Home

As of March 2017

This 16% annual return investment REI will bolster your bottom line $2200/mo gross rent. $565/mo average rent neighborhood according to Rentometer.com. 4 2BR 1BA units with basements. NEW Furnaces, NEW Electrical Panels, and New/Upgraded Roof, Hot Water tanks, and plumbing too. Modern paint & ALL APPLIANCES INCLUDED! 2 already recently leased @ $550. Last 2 units could useTLC but 80% rent ready. $550/mo x 4= $2200/mo x 12 = $26,400/year income - $2969 taxes - $2200 10% vacancy estimate - $1200 insurance - $1k maintenance = $19,031/year profit! 15.8%+ Annual Return blows away 401k/mutual funds. Use a self directed IRA to diversify your portfolio with this REI. OWNER FINANCING AVAILABLE with 25% down.

Last Agent to Sell the Property

Justin Hazley

Key Realty Listed on: 01/09/2017

Last Buyer's Agent

Shelley Cottrell

Howard Hanna Real Estate Svcs License #2007001918

Howard Hanna Real Estate Svcs

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • 6,840 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

  • Assessor Parcel Number 010-035509

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Manager Expense $2,169
  • Professional Management Expense $2,169
  • Operating Expense $7,369
  • Gross Income $26,400
  • Net Operating Income $19,031

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2015
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.14
  • Total Gross Income: 26400.0
  • Co List Office Phone: 614-300-0771
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 17.38
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 26400.0
  • Annual Expenses: 7369.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 6840.0
  • Miscellaneous Basement2: Yes
  • Air Conditioning None3: Yes
  • Miscellaneous Security System3: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-035509
  • Lot Size Sq Ft: 6098.4

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1200.0
  • Resident Manager Expense: 2169.0
  • Net Operating Income: 19031.0
  • Annual Operating Expense: 7369.0
  • Vacancy Allowance Rate: 2200.0

Tax Info

  • Tax Annual Amount: 2969.0
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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
03/10/2017 03/10/17 Sold $115,000 -17.8% $17 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
08/02/2016 08/02/16 For Sale $139,900 -- $20 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Justin Hazley

    Key Realty

  • Shelley Cottrell

    Buyer's Agent in 2017

    Shelley Cottrell

    Howard Hanna Real Estate Svcs

    (614) 579-4635

    1 in this area

    100 Total Sales

    Shelley Cottrell
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 216028353

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43223 Central Hilltop

18 Whitethorne Ave, Columbus, OH

Not Listed for Sale

MultiFamily

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