NOT LISTED FOR SALE
21 Beds
-- Baths
19,221 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: November 21, 2017

Last sale price $1,937,500 $101 Per Sq Ft

71 Days on Market

About This Home

As of November 2017

OSU off-campus student investment property containing 19 - 1 BD / 1 BA and 2 - 2 BD / 1 BA units all with large floor plans. Units are renovated with updated kitchens, hardwood floors, ceiling fans and interior/exterior electronic locks. The building offers free on-site laundry, attached parking garage, extensive security lighting and immense historical character. The property is 100% pre-leased for the 2017-18 academic year with total annual rental income of $211,080. All utilities included in rent.

Last Agent to Sell the Property

Matthew Brown

Brown Multifamily Advisors,LLC License #2016006143 Listed on: 08/07/2017

Last Buyer's Agent

Matthew Brown

The Wagenbrenner Company License #2000000656

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,692

Year Built

  • Built in 1930

Lot Details

  • 0.35

Parking

  • Attached Garage

Home Design

  • 19,221 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Available

Additional Features

  • Washer and Dryer Hookup
  • 15,246 Sq Ft Lot
  • Basement

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 010-006063

Community Details

Overview

  • 21 Units

Building Details

  • Operating Expense $88,799
  • Gross Income $210,885
  • Net Operating Income $122,086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,692

Year Built

Built in 1930

Lot Details

0.35 Acres

Listing Details

  • Type: Multi-Family
  • Year Built: 1930
  • Tax Year: 2016
  • Lot Size Acres: 0.35
  • Total Gross Income: 210885.0
  • Co List Office Phone: 614-519-8689
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 101.45
  • Remarks Misc Hot Sheet Comments: new
  • Income Expenses Gross Income: 210885.0
  • Annual Expenses: 88799.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 19221.0
  • Miscellaneous Basement2: 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
  • Miscellaneous Garages: 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:Brick2: Yes

Garage/Parking

  • Parking Features Attached Garage2: Yes

Utilities

  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Radiant: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-006063
  • Lot Size Sq Ft: 15246.0

Rental Info

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

Multi Family

  • Number Of Units Total: 21
  • Net Operating Income: 122086.0
  • Annual Operating Expense: 88799.0

Tax Info

  • Tax Annual Amount: 22692.0

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2017
Closed on
Nov 21, 2017
Sold by
Uml I Llc
Bought by
Seller's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
Buyer's Agent
Matthew Brown
Brown Multifamily Advisors,LLC
List Price
$1,950,000
Sold Price
$1,937,500
Premium/Discount to List
-$12,500
-0.64%

Purchase Details

Closed on
Jan 19, 2007
Sold by
Farber Properties Llc
Bought by
University Manors Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2005
Sold by
Farber D Steven and Farber John C
Bought by
Farber Properties Llc

Purchase Details

Closed on
Feb 22, 2005
Sold by
Farber D Steven and Farber Kenneth J
Bought by
Farber D Steven and Farber John C

Purchase Details

Closed on
May 17, 1993
Bought by
Farber Donavin N
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
-- Hummel Title Box
University Manors Ltd $925,000 Chicago Tit
Farber Properties Llc $562,500 --
Farber D Steven -- --
Farber Donavin N -- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $13,600,000
Previous Owner University Manors Ltd $960,000
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
11/21/2017 11/21/17 Sold $1,937,500 -0.6% $101 / Sq Ft
10/22/2017 10/22/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $1,950,000 -- $101 / 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 $55,307 $745,150 $79,450 $665,700
2024 $55,307 $745,150 $79,450 $665,700
2023 $54,432 $745,150 $79,450 $665,700
2022 $30,025 $400,370 $82,600 $317,770
2021 $30,154 $400,370 $82,600 $317,770
2020 $29,947 $400,370 $82,600 $317,770
2019 $25,367 $308,000 $63,560 $244,440
2018 $23,177 $308,000 $63,560 $244,440
2017 $24,015 $308,000 $63,560 $244,440
2016 $22,692 $260,750 $63,560 $197,190
2015 $21,068 $260,750 $63,560 $197,190
2014 $21,059 $260,750 $63,560 $197,190
2013 $10,434 $260,750 $63,560 $197,190
Source: Public Records

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 217024817

Columbus and Central Ohio Regional MLS
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