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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2024
Closed on
Feb 14, 2025
Sold by
Bought by
Seller's Agent
Greg Hrabcak
Hanna Commercial, LLC
Buyer's Agent
Bradley Clarizio
Red 1 Realty
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0704%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 1963
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$1,100,000 Northwest Select Title
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $825,000
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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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