NOT LISTED FOR SALE

205 E 13th Ave Unit 209 Columbus, OH 43201

Estimated Value: $978,680

12 Beds
3 Baths
4,469 Sq Ft
$219/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $935,000 $209 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,941/month

46 Days on Market

About This Home

As of April 2022

The property contains three units, each with four large bedrooms and 1.5 baths, full basement. Units all feature brand new, high-end kitchens and baths, huge open living rooms, new tiled flooring with LVT in the bedrooms, on-site laundry and central A/C. Tenants pay electric and gas directly and reimburse the owner for water. The property is 100% leased for the current 2021-22 academic year and pre-leasing for 2022-23 is as follows: $2,300 (#205), $2,400 (#207) and $2,400 (#209). This is a rare opportunity to acquire a well-performing, turn-key student housing property with many recent renovations in a great off-campus location just a couple of blocks from High St.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 03/15/2022

Last Buyer's Agent

Jon Lorenz

Lim Realty Group License #2023006940

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,654

Year Built

  • Built in 1910

Lot Details

  • 2,614

Parking

  • On-Street Parking

Home Design

  • 4,469 Sq Ft Home
  • Brick Exterior Construction

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 2,614 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 010-005524

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $26,957
  • Gross Income $85,607
  • Net Operating Income $58,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,654

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1910
  • Tax Year: 2021
  • Property Sub-Type: Townhouse
  • Lot Size Acres: 0.06
  • Total Gross Income: 85607.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 85607.0
  • Annual Expenses: 26957.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 4469.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: 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 On Street2: Yes

Utilities

  • Sewer: Public Sewer
  • 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: 010-005524
  • Lot Size Sq Ft: 2613.6

Rental Info

  • Owner Pays: Sewer, Trash Collection

Multi Family

  • Monthly Rent (Other): 2400.0
  • Number Of Units Total: 3
  • Net Operating Income: 58650.0
  • Annual Operating Expense: 26957.0

Tax Info

  • Tax Annual Amount: 3654.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2022
Closed on
Apr 29, 2022
Sold by
205-209 E 13Th Llc
Bought by
Dj Columbus Investments Llc
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Jon Lorenz
Lim Realty Group
List Price
$1,000,000
Sold Price
$935,000
Premium/Discount to List
-$65,000
-6.5%
Current Estimated Value
$978,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,680
Avg. Annual Appreciation
1.29%
Original Mortgage
$748,000
Outstanding Balance
$703,856
Interest Rate
4.42%
Mortgage Type
Credit Line Revolving
Estimated Equity
$274,824

Purchase Details

Closed on
Jan 29, 2016
Sold by
Flaherty Kenneth J and Flaherty Family Trust
Bought by
205-209 E 13Th Llc

Purchase Details

Closed on
Oct 3, 2015
Sold by
579 Management Co Llc
Bought by
Flaherty Kenneth J and Flaherty Family Trust

Purchase Details

Closed on
Apr 27, 2010
Sold by
Flaherty Kenneth J
Bought by
579 Management Company Llc

Purchase Details

Closed on
Jun 1, 2001
Sold by
Flaherty Kenneth J
Bought by
Flaherty Kenneth J and Kenneth J Flaherty Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.23%
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Dj Columbus Investments Llc $935,000 Madison Title Agency
205-209 E 13Th Llc -- Attorney
Flaherty Kenneth J -- Attorney
579 Management Company Llc -- None Available
Flaherty Kenneth J -- Landsel Title Agency
Flaherty Kenneth J -- Landsel Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dj Columbus Investments Llc $748,000
Previous Owner Flaherty Kenneth J $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $935,000 -6.5% $209 / Sq Ft
03/14/2022 03/14/22 For Sale $1,000,000 -- $224 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,379 $315,010 $18,270 $296,740
2023 $9,412 $315,000 $18,270 $296,730
2022 $3,648 $210,010 $14,420 $195,590
2021 $3,654 $210,010 $14,420 $195,590
2020 $3,660 $210,010 $14,420 $195,590
2019 $4,088 $168,010 $11,520 $156,490
2018 $3,946 $168,010 $11,520 $156,490
2017 $6,608 $145,260 $11,520 $133,740
2016 $4,186 $61,610 $7,390 $54,220
2015 $3,811 $61,610 $7,390 $54,220
2014 $3,820 $61,610 $7,390 $54,220
2013 $2,151 $70,350 $6,720 $63,630
Source: Public Records

Agents Affiliated with this Home

  • Matthew Brown

    Seller's Agent in 2022

    Matthew Brown

    Brown Multifamily Advisors,LLC

    (614) 519-8689

    20 Total Sales

    Matthew Brown
    Section Image
  • Jon Lorenz

    Buyer's Agent in 2022

    Jon Lorenz

    Lim Realty Group

    (614) 517-4590

    90 Total Sales

    Jon Lorenz
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 222007426

Columbus and Central Ohio Regional MLS

APN: 010-005524

Ohio Franklin County Columbus 43201

205 E 13th Ave Unit 209, Columbus, OH

Not Listed for Sale

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