NOT LISTED FOR SALE

429 E 12th Ave Columbus, OH 43201

Indianola Terrace Neighborhood
6 Beds
-- Bath
8,019 Sq Ft
7,841 Sq Ft

Last Sold July 15, 2021

Last sale price $830,000 $104 Per Sq Ft

8 Days on Market

About This Home

As of July 2021

Phenomenal cash flow/investment opportunity near OSU off campus. Owner has taken great care in updating and maintaining this 8 unit apartment building. Currently leased to low-maintenance grad students w constant housing referrals directly from OSU. Ranked high on rental inquiry sites for phenomenal management experiences by tenants. Dedicated parking for each unit, plus off street parking for guests. Some units left intentionally vacant for next owner, but currently owner is willing to procure new tenants. 2 units w central air and others w window units. Curb offers only.

Last Agent to Sell the Property

Mara Ackermann

RE/MAX Consultant Group License #2002013078 Listed on: 06/04/2021

RE/MAX Consultant Group

Last Buyer's Agent

Shelley Cottrell

Howard Hanna Real Estate Svcs License #2007001918

Howard Hanna Real Estate Svcs

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,529

Year Built

  • Built in 1973

Lot Details

  • 7,841

Home Design

  • 8,019 Sq Ft Home
  • Brick Exterior Construction
  • Stucco

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • 7,841 Sq Ft Lot

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 010-038898

Community Details

Overview

  • 8 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $19,722
  • Gross Income $108,000
  • Net Operating Income $88,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,529

Year Built

Built in 1973

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1973
  • Tax Year: 2020
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.18
  • Total Gross Income: 108000.0
  • Co List Office Phone: 614-855-2822
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 102.88
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 108000.0
  • Annual Expenses: 19721.75
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 8019.0
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Air Conditioning Central Air: 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:Stucco2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features Assigned2: Yes

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-038898
  • Lot Size Sq Ft: 7840.8

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 88278.25
  • Annual Operating Expense: 19721.75

Tax Info

  • Tax Annual Amount: 9529.0
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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
07/15/2021 07/15/21 Sold $830,000 +0.6% $104 / Sq Ft
06/04/2021 06/04/21 For Sale $825,000 -- $103 / 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 $42,777 $386,260 $33,110 $353,150
2024 $42,777 $386,260 $33,110 $353,150
2023 $28,216 $386,260 $33,110 $353,150
2022 $21,935 $290,500 $25,130 $265,370
2021 $9,595 $127,400 $25,130 $102,270
2020 $9,529 $127,400 $25,130 $102,270
2019 $8,071 $98,000 $19,320 $78,680
2018 $8,774 $98,000 $19,320 $78,680
2017 $8,062 $98,000 $19,320 $78,680
2016 $10,234 $117,600 $19,320 $98,280
2015 $9,502 $117,600 $19,320 $98,280
2014 $9,498 $117,600 $19,320 $98,280
2013 $4,706 $117,600 $19,320 $98,280
Source: Public Records

Agents Affiliated with this Home

  • Mara Ackermann

    Seller's Agent in 2021

    Mara Ackermann

    RE/MAX

    (614) 595-0654

    1 in this area

    212 Total Sales

    Mara Ackermann
    Section Image
  • Shelley Cottrell

    Buyer's Agent in 2021

    Shelley Cottrell

    Howard Hanna Real Estate Svcs

    (614) 579-4635

    1 in this area

    96 Total Sales

    Shelley Cottrell
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 221019456

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43201 Indianola Terrace

429 E 12th Ave, Columbus, OH

Not Listed for Sale

MultiFamily

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