NOT LISTED FOR SALE

2121 Myrtle Ave Columbus, OH 43211

Arlington Park Neighborhood

Estimated Value: $106,000 - $139,000

2 Beds
1 Bath
735 Sq Ft
$174/Sq Ft Est. Value

Last Sold March 10, 2017

Last sale price $96,000 $131 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $826/month

153 Days on Market

About This Home

As of March 2017

Extremely high rate of return. 23.1% CAP rate!!! $34,680 gross annual income - $3032 property taxes - $2202 property insurance - $2850 water = $26,596 annual net income. This is a package deal for four homes all located next to each other. They are all deeded separately. Three two bedroom single family homes and one double ( both sides two bedrooms ). 190-003688, 190-003690, 190-003691, 190-003692 100% occupied. Masonry construction means solid homes with low exterior maintenance.

Last Agent to Sell the Property

Jim Maurer

Nutown Realty License #2017005770 Listed on: 09/27/2016

Last Buyer's Agent

Geeta Viddam

Key Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • Additional Parcels

Home Design

  • Duplex

Utilities

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

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 190-003690

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • Insurance Expense $2,202
  • Water Sewer Expense $2,850
  • Operating Expense $8,084
  • Gross Income $34,680
  • Net Operating Income $26,596

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1959
  • Tax Year: 2015
  • Property Sub-Type: Duplex
  • Total Gross Income: 34680.0
  • Co List Office Phone: 614-431-2300
  • MLS Status: Closed
  • Remarks Misc Hot Sheet Comments: price
  • Income Expenses Gross Income: 34680.0
  • Annual Expenses: 8084.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • Construction Block3: Yes
  • General Property Info # of Buildings: 4.0
  • Air Conditioning None3: Yes
  • Owner Pays Water4: 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

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 2850.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 190-003690
  • Additional Parcels Description: This is a package deal for four homes all located next to each other. They are all deeded separately. Three two bedroom single family homes and one double ( both sides two bedrooms ). 190-003688, 190-003691, 190-003692
  • Additional Parcels: Yes

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 5
  • Insurance Expense: 2202.0
  • Net Operating Income: 26596.0
  • Annual Operating Expense: 8084.0

Tax Info

  • Tax Annual Amount: 3032.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2016
Closed on
Mar 9, 2017
Sold by
Culp Charles R
Bought by
Ang Midwest Llc
Seller's Agent
Jim Maurer
Nutown Realty
Buyer's Agent
Geeta Viddam
Key Realty
List Price
$130,000
Sold Price
$96,000
Premium/Discount to List
-$34,000
-26.15%
Current Estimated Value
$127,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,759
Avg. Annual Appreciation
3.33%

Purchase Details

Closed on
Sep 12, 2002
Sold by
Culp Gail A
Bought by
Culp Charles R

Purchase Details

Closed on
Apr 6, 1982
Bought by
Culp Charles R and Culp Gail A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ang Midwest Llc $17,300 Bexley Title Box
Culp Charles R -- --
Culp Charles R -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Sold $96,000 -26.2% $131 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
09/27/2016 09/27/16 For Sale $130,000 -- $177 / 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 $1,808 $28,140 $10,360 $17,780
2023 $1,786 $28,140 $10,360 $17,780
2022 $595 $6,860 $2,100 $4,760
2021 $576 $6,860 $2,100 $4,760
2020 $560 $6,860 $2,100 $4,760
2019 $546 $5,920 $1,860 $4,060
2018 $550 $5,920 $1,860 $4,060
2017 $556 $5,920 $1,860 $4,060
2016 $593 $6,090 $1,890 $4,200
2015 $555 $6,090 $1,890 $4,200
2014 $557 $6,090 $1,890 $4,200
2013 $323 $7,175 $2,240 $4,935
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jim Maurer

    Nutown Realty

    (614) 579-5300

    9 Total Sales

    Jim Maurer
    Section Image

  • G

    Buyer's Agent in 2017

    Geeta Viddam

    Key Realty

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 216035309

Columbus and Central Ohio Regional MLS

APN: 190-003692

Ohio Franklin County Columbus 43211 Arlington Park

2121 Myrtle Ave, Columbus, OH

Not Listed for Sale

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