NOT LISTED FOR SALE

343 E 13th Ave Columbus, OH 43201

Indianola Terrace Neighborhood
4 Beds
-- Bath
5,220 Sq Ft
6,098 Sq Ft Lot

Last Sold September 07, 2023

Last sale price $660,000 $126 Per Sq Ft

31 Days on Market

About This Home

As of September 2023

The long-term owner is selling this SIX unit Near Ohio State University. This building was constructed around 1972 and consists of four two-bedroom flats and two two-bedroom townhomes. Rents for the 2023-24 school year are $850 for the 4 flats and $875 for the 2 townhomes. These are under-market, and the new owner can increase income by adjusting rents closer to market ($950-$1,000/unit) and adding a chargeback for the water of $35/unit. They have equipped kitchens including a range and refrigerator. This site is near OSU main campus and COTA and CABS bus lines. Located on a street of well-kept properties, this building has maintained 100% occupancy for years. Income and expenses are from 2022. See Documents for 2021-22 profit and loss statements. Please do not disturb the residents

Last Listed By

Joseph C Jackson

Keller Williams Capital Ptnrs License #2014000204 Listed on: 08/09/2023

Keller Williams Capital Ptnrs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,213

Year Built

  • Built in 1972

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • 5,220 Sq Ft Home
  • Brick Exterior Construction
  • Frame Construction
  • Stucco

Parking

  • 8 Parking Spaces
  • On-Street 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, water
  • Assessor Parcel Number 010-005285

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $4,460
  • Maintenance Expense $6,388
  • Manager Expense $5,990
  • Professional Management Expense $5,990
  • Supplies Expense $82
  • Water Sewer Expense $2,428
  • Operating Expense $30,737
  • Gross Income $59,534
  • Net Operating Income $28,797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,213

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1972
  • Tax Year: 2022
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.14
  • Total Gross Income: 59534.25
  • Supplies Expense: 81.67
  • Co List Office Phone: 614-888-1000
  • MLS Status: Closed
  • Subdivision Name: University District
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 59534.25
  • Annual Expenses: 30737.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 5220.0
  • General Property Info # of Buildings: 1.0
  • Owner Pays Sewer3: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes
  • Construction:Stucco2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

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

Fee Information

  • Annual Water Sewer Expense: 2428.0

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-005285
  • Lot Size Sq Ft: 6098.4
  • Additional Parcels: No
  • Zoning Description: AR-4

Rental Info

  • Owner Pays: Sewer, Water

Multi Family

  • Monthly Rent (Other): 875.0
  • Number Of Units Total: 6
  • Insurance Expense: 4460.0
  • Maintenance Expense: 6388.46
  • Resident Manager Expense: 5990.0
  • Net Operating Income: 28797.25
  • Annual Operating Expense: 30737.0

Tax Info

  • Tax Annual Amount: 9213.0

Range of Values:

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Sold Price
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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 Change Sq Ft Price
09/07/2023 09/07/23 Sold $660,000 -2.2% $126 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $675,000 0.0% $129 / Sq Ft
08/08/2023 08/08/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $675,000 -- $129 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joseph C Jackson

    Seller's Agent in 2023

    Joseph C Jackson

    Keller Williams Capital Ptnrs

    (614) 888-1000

    3 in this area

    195 Total Sales

    Joseph C Jackson
    Section Image
  • Brandon Goldsmith

    Buyer's Agent in 2023

    Brandon Goldsmith

    Reafco

    (614) 963-3340

    3 in this area

    79 Total Sales

    Brandon Goldsmith
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223023317

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43201 Indianola Terrace

343 E 13th Ave, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 343 E 13th Ave, Columbus, OH 43201 since 09 August 2023. This property was built in 1972. 343 E 13th Ave is a home located in Franklin County with nearby schools including Weinland Park Elementary School, Dominion Middle School, and Whetstone High School.

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