$2,575,000
$225K PRICE DROP

Estimated payment $16,843/month

Total Views 1,234
-- Bed
-- Bath
3,456 Sq Ft
$745 Price per Sq Ft

Highlights

  • 2.27 Acre Lot
  • Cooling Available
  • Radiant Heating System

About This Home

Cardinal Built ...41 Apartments..Ranch Style. Private Entries. Patios..High Rental Demand...Great Design. Low maintenance interiors. This was the first community built by Cardinal Industries

33 - 1BR - 1 bath 576 sf Avg Rent $675
3 - 2BR - 1 bath 864 sf Avg Rent $725
4 - Studios - 1 bath 288 sf Avg Rent $575
1 - 3 BR 1 bath 1152 sf Rent $795
Also has Rental Office/Storage unit

THIS PROPERTY CAN BE PURCHASED ALSO AS 24 APARTMENTS AND/OR 17 APARTMENTS

Plenty of paved parking. Near all conveniences.
Plenty of upside potential for additional income
Please do not disturb residents. No owner financing. Contingent curbside offers only. Thank you

Listing Agent

Thomas Fortin

Thomas Fortin & Company LLC. License #2007003846 Listed on: 08/01/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $32,936

Year Built

  • Built in 1973

Lot Details

  • 2.27 Acre Lot
  • Additional Parcels

Home Design

  • 3,456 Sq Ft Home
  • Frame Construction

Utilities

  • Cooling Available
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 180-000419

Community Details

Overview

  • 7 Buildings
  • 41 Units

Building Details

  • Insurance Expense $8,019
  • Operating Expense $117,457
  • Gross Income $305,748
  • Net Operating Income $188,291

Property Details

Home Type

Apartment

Est. Annual Taxes

$32,936

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1973
  • Tax Year: 2021
  • Property Sub-Type: Apartment
  • Lot Size Acres: 2.27
  • Total Gross Income: 305748.0
  • Co List Office Phone: 614-348-7876
  • MLS Status: Active
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 305748.0
  • Annual Expenses: 117457.0
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 3456.0
  • General Property Info # of Buildings: 7.0
  • Heat Fuel Electric4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer
  • Heating:Radiant: Yes

Schools

  • Junior High Dist: GROVEPORT MADISON LSD 2507 FRA CO.

Lot Info

  • Parcel Number: 180-000419
  • Lot Size Sq Ft: 98881.2
  • Additional Parcels Description: 180-000792-00 180-003932-00 180-004905-00
  • Additional Parcels: Yes

Multi Family

  • Number Of Units Total: 41
  • Insurance Expense: 8019.0
  • Net Operating Income: 188291.0
  • Annual Operating Expense: 117457.0

Tax Info

  • Tax Annual Amount: 32936.0

Map

Range of Values:

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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
08/01/2025 08/01/25 For Sale $2,575,000 0.0% $745 / Sq Ft
08/23/2024 08/23/24 Off Market $2,575,000 -- --
07/26/2024 07/26/24 Price Changed $2,575,000 -3.7% $745 / Sq Ft
05/04/2024 05/04/24 For Sale $2,675,000 0.0% $774 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $2,675,000 0.0% $774 / Sq Ft
12/17/2023 12/17/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $2,675,000 0.0% $774 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
08/07/2023 08/07/23 Price Changed $2,675,000 -4.5% $774 / Sq Ft
07/13/2023 07/13/23 For Sale $2,800,000 0.0% $810 / Sq Ft
07/06/2023 07/06/23 Off Market $2,800,000 -- --
04/06/2023 04/06/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $2,800,000 0.0% $810 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $2,800,000 -- $810 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223003413

Columbus and Central Ohio Regional MLS