Seller's Agent in 2024
Bryan Jarrett
Keller Williams Capital Ptnrs
(614) 867-7820
1 in this area
97 Total Sales
3641 Eakin Rd Columbus, OH 43204
Holly Hill Neighborhood
4
Beds
--
Bath
31,104
Sq Ft
8,712
Sq Ft Lot
About This Home
As of December 2024This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $875 a month the return on this portfolio should be north of 9%.
Last Agent to Sell the Property
Keller Williams Capital Ptnrs License #2009002351 Listed on: 06/03/2024
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $34,010
Year Built
- Built in 1963
Lot Details
- 8,712 Sq Ft Lot
- Additional Parcels
Parking
- Common or Shared Parking
Home Design
- 31,104 Sq Ft Home
- Brick Exterior Construction
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number 010-119823
Community Details
Overview
- 36 Units
Building Details
- Operating Expense $98,885
- Gross Income $316,625
- Net Operating Income $217,740
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/09/2024 12/09/24 | Sold | $3,000,000 | -6.3% | $96 / Sq Ft | |
| 08/15/2023 08/15/23 | For Sale | $3,200,000 | +6.7% | $103 / Sq Ft | |
| 08/09/2023 08/09/23 | Off Market | $3,000,000 | -- | -- | |
| 08/15/2017 08/15/17 | Sold | $1,000,000 | +491.7% | $289 / Sq Ft | View Prior Sale |
| 07/16/2017 07/16/17 | Pending | -- | -- | -- | |
| 06/06/2017 06/06/17 | For Sale | $169,000 | -- | $49 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax History Compared to Growth
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 | $6,260 | $56,530 | $12,600 | $43,930 |
| 2023 | $4,129 | $56,525 | $12,600 | $43,925 |
| 2022 | $3,780 | $50,400 | $12,600 | $37,800 |
| 2021 | $3,796 | $50,400 | $12,600 | $37,800 |
| 2020 | $3,770 | $50,400 | $12,600 | $37,800 |
| 2019 | $3,459 | $42,000 | $10,500 | $31,500 |
| 2018 | $2,997 | $42,000 | $10,500 | $31,500 |
| 2017 | $3,455 | $42,000 | $10,500 | $31,500 |
| 2016 | $2,741 | $31,500 | $10,500 | $21,000 |
| 2015 | $2,545 | $31,500 | $10,500 | $21,000 |
| 2014 | $2,544 | $31,500 | $10,500 | $21,000 |
| 2013 | $1,261 | $31,500 | $10,500 | $21,000 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Jarrett
-
Doug Ryan
Buyer's Agent in 2024
Doug Ryan
KW Classic Properties Realty
(614) 374-6919
1 in this area
88 Total Sales
-
G
Seller's Agent in 2017
Gregory Hrabcak
Howard Hanna Real Estate Svcs
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 223025552
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