NOT LISTED FOR SALE
18 Beds
-- Bath
7,857 Sq Ft
0.41 Acres Lot

Sale Details

Date Sold: February 14, 2025

Last sale price $1,100,000 $140 Per Sq Ft

6 Days on Market

Highlights

  • 0.41 Acre Lot
  • Window Unit Cooling System
  • Forced Air Heating System

About This Home

As of February 2025

18 - 1 BR units at the NE corner of Camp Chase Dive and Derrer Road. 6 units per floor in 2,5 story midrise. 100% current occupancy - market rates $750/unit - upside potential to $162,000. 2023 gross $132.048. 2024 estimated gross +/- $146,000. Out of state absentee owner of over 50 year manages property. Great upside!! Located near Great Western Shopping Center @ Wilson & W. Broad. Tenants pay electric and gas. Units have window/sleeve air conditioning units. Newer paved parking in rear at Camp Chase Trail. HUGE upside with new owner/management in place. Units rent quickly. Financials available to qualified buyers NDA and verification of funding. 7,857 square feet building, 3 parcels, .41 acres. PLEASE do not disturb tenants, Asking price $1,150,000 - $63,900 per unit. RARE FIND!!

Last Agent to Sell the Property

Greg Hrabcak

Hanna Commercial, LLC License #0700310191 Listed on: 12/05/2024

Hanna Commercial, LLC

Last Buyer's Agent

Bradley Clarizio

Red 1 Realty License #2018002068

Red 1 Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,370

Year Built

  • Built in 1963

Lot Details

  • 17,860 Sq Ft Lot
  • Additional Parcels

Home Design

  • 7,857 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction

Parking

  • 18 Parking Spaces
  • Common or Shared Parking
  • Off-Street Parking: 1

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 010-078709

Community Details

Overview

  • 18 Units
  • Mid-Rise Community

Building Details

  • Electric Expense $4,000
  • Insurance Expense $5,975
  • Water Sewer Expense $4,000
  • Operating Expense $65,000
  • Gross Income $145,000
  • Net Operating Income $80,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,370

Year Built

Built in 1963

Lot Details

0.41 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1963
  • Tax Year: 2023
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.41
  • Total Gross Income: 145000.0
  • Co List Office Phone: 614-888-3456
  • MLS Status: Closed
  • Subdivision Name: 18 - 1-bedroom units 0n 3 floors
  • Location Property Info List PriceSqFt: 146.37
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 145000.0
  • Annual Expenses: 65000.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 7857.0
  • Construction Block3: Yes
  • General Property Info # of Buildings: 1.0
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: 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
  • Air Conditioning Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 18.0
  • General Property Info Off Street Parking Spaces2: 1.0
  • Parking Features Common: Yes

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 4000.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-078709
  • Lot Size Sq Ft: 17859.6
  • Additional Parcels Description: 3 total parcels 010-078709 010-078710 010-006847 Totaling .41 acres
  • Additional Parcels: Yes
  • Zoning Description: Multifamily

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 18
  • Electric Expense: 4000.0
  • Insurance Expense: 5975.0
  • Net Operating Income: 80000.0
  • Annual Operating Expense: 65000.0

Tax Info

  • Tax Annual Amount: 10370.0
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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
02/14/2025 02/14/25 Sold $1,100,000 -4.3% $140 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $1,150,000 -- $146 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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
2025 $10,537 $141,960 $4,200 $137,760
2024 $10,537 $141,960 $4,200 $137,760
2023 $10,370 $141,960 $4,200 $137,760
2022 $10,815 $144,210 $6,480 $137,730
2021 $10,861 $144,210 $6,480 $137,730
2020 $10,787 $144,210 $6,480 $137,730
2019 $10,796 $131,080 $5,880 $125,200
2018 $8,562 $131,080 $5,880 $125,200
2017 $10,783 $131,080 $5,880 $125,200
2016 $6,853 $78,750 $5,880 $72,870
2015 $6,363 $78,750 $5,880 $72,870
2014 $6,360 $78,750 $5,880 $72,870
2013 $3,151 $78,750 $5,880 $72,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 224042254

Columbus and Central Ohio Regional MLS
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