NOT LISTED FOR SALE
4 Beds
-- Bath
5,220 Sq Ft
6,098 Sq Ft Lot Lot

Sale Details

Date Sold: September 7, 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 Agent to Sell the Property

Joseph C Jackson

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

Keller Williams Capital Ptnrs

Last Buyer's Agent

Brandon Goldsmith

Reafco License #2020000644

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
  • Mixed Use
  • 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

6,098 Sq Ft Lot

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
  • Location Property Info List PriceSqFt: 129.31
  • Remarks Misc Hot Sheet Comments: new
  • 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
  • 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:Stucco2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features On Street2: Yes
  • General Property Info Off Street Parking Spaces2: 1.0

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $17,145 $231,000 $24,990 $206,010
2024 $17,145 $231,000 $24,990 $206,010
2023 $19,968 $273,350 $24,990 $248,360
2022 $9,213 $122,850 $18,970 $103,880
2021 $9,252 $122,850 $18,970 $103,880
2020 $9,189 $122,850 $18,970 $103,880
2019 $7,784 $94,510 $14,600 $79,910
2018 $6,708 $94,510 $14,600 $79,910
2017 $7,775 $94,510 $14,600 $79,910
2016 $6,093 $70,010 $14,600 $55,410
2015 $5,657 $70,010 $14,600 $55,410
2014 $5,654 $70,010 $14,600 $55,410
2013 $2,802 $70,000 $14,595 $55,405
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223023317

Columbus and Central Ohio Regional MLS
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