NOT LISTED FOR SALE

58 W 3rd Ave Columbus, OH 43201

Short North Neighborhood
12 Beds
-- Bath
14,312 Sq Ft
9,583 Sq Ft Lot

Last Sold July 01, 2020

Last sale price $1,600,000 $112 Per Sq Ft

19 Days on Market

Highlights

  • Fireplace
  • Forced Air Heating and Cooling System
  • 5-minute walk to Thompson Park
  • Window Unit Cooling System

About This Home

As of July 2020

Amazing Value-add Investment Opportunity. 12 Units. Perfect Location to High Street. The Core of the Short North. Walk to Chipotle! 3 units are used as furnished short-term rentals with management in place. 6 units have been extensively renovated. Great Bones with 11ft ceilings! 12 spot parking pad in the back could be monetized. On-site Coin Laundry in Basement. Very easy to rent due to location. Seller Financing available.

Before Covid, the total monthly cashflow was between $15,000-$19,000 depending on occupancy. Short term rentals occupancy still above 85% during the epidemic

Last Listed By

Carson Thrush

List License #2013003011 Listed on: 04/27/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,027

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 14,312 Sq Ft Home
  • Fireplace
  • Washer and Dryer Hookup
  • Basement

Utilities

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

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 010-045408

Community Details

Overview

  • 12 Units

Building Details

  • Operating Expense $70,893
  • Gross Income $183,370
  • Net Operating Income $112,477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,027

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1940
  • Tax Year: 2019
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.22
  • Total Gross Income: 183370.0
  • Co List Office Phone: 614-224-5478
  • MLS Status: Closed
  • Income Expenses Gross Income: 183370.0
  • Annual Expenses: 70893.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 14312.0
  • Miscellaneous Basement2: Yes
  • Miscellaneous Fireplace: Yes
  • Miscellaneous WD Hookups: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Construction:Brick2: Yes

Utilities

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

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-045408
  • Lot Size Sq Ft: 9583.2

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 112477.0
  • Annual Operating Expense: 70893.0

Tax Info

  • Tax Annual Amount: 16027.0

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
07/01/2020 07/01/20 Sold $1,600,000 +1.6% $112 / Sq Ft
05/10/2020 05/10/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $1,575,000 -- $110 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Carson Thrush

    List

    (614) 905-1366

    1 in this area

    38 Total Sales

    Carson Thrush
    Section Image
  • Zachary White

    Buyer's Agent in 2020

    Zachary White

    Signature Real Estate

    (614) 314-1914

    1 in this area

    36 Total Sales

    Zachary White
    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 220012634

Columbus and Central Ohio Regional MLS

Ohio Franklin County Columbus 43201 Short North

58 W 3rd Ave, Columbus, OH

Homes for Sale in Columbus, OH

This home is located at 58 W 3rd Ave, Columbus, OH 43201 since 27 April 2020. This property was built in 1940. 58 W 3rd Ave is a home located in Franklin County with nearby schools including Hubbard Elementary School, Dominion Middle School, and Whetstone High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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