NOT LISTED FOR SALE
96 Beds
-- Bath
78,954 Sq Ft
5.57 Acres

Last Sold August 06, 2012

Last sale price $2,180,000 $28 Per Sq Ft

21 Days on Market

Highlights

  • 5.57 Acre Lot
  • Home Security System
  • Forced Air Heating and Cooling System

About This Home

As of August 2012

Brittany Hills Apartments - 96 units in 3 Bldgs. on 5.5 acres - **Please do not disturb tenants or on site management** 78 - 2 BRs ($465) and 18 - 3 BRs ($555). 96%occupancy. On site rental/mgmt office and full time maintenance. Gross potential income of $555,120 !! priced to sell at 9% cap rate. Located just off of Sullivant and close to new casino. Over $225,000 in NOI !! Tenants pay all utilities, laundry rooms in all 3 buildings. Rare find ! priced at $25,260/unit !!!

Last Agent to Sell the Property

Gregory Hrabcak

Howard Hanna Real Estate Svcs Listed on: 05/22/2012

Last Buyer's Agent

Anand Kota

CENTURY 21 Capital Gold License #2005010051

CENTURY 21 Capital Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52,012

Year Built

  • Built in 1973

Lot Details

  • 5.57 Acre Lot

Home Design

  • 78,954 Sq Ft Home
  • Brick Exterior Construction

Parking

  • 149 Parking Spaces
  • Common or Shared Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 570-110009

Community Details

Overview

  • 3 Buildings
  • 96 Units
  • Mid-Rise Condominium

Building Details

  • Electric Expense $44,889
  • Insurance Expense $12,183
  • Maintenance Expense $49,522
  • Operating Expense $282,849
  • Gross Income $508,380
  • Net Operating Income $225,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52,012

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1973
  • Tax Year: 2010
  • Property Sub-Type: Midrise
  • Lot Size Acres: 5.57
  • Total Gross Income: 508380.0
  • Co List Office Phone: 614-471-7400
  • MLS Status: Closed
  • Subdivision Name: Brittany Hills Apartments
  • Location Property Info List PriceSqFt: 83.88
  • Income Expenses Gross Income: 508380.0
  • Annual Expenses: 282849.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 78954.0
  • Construction Block3: Yes
  • General Property Info # of Buildings: 3.0
  • Miscellaneous Security System3: Yes
  • Air Conditioning Central Air: 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:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Total Parking Spaces: 149.0
  • Parking Features Common: Yes

Utilities

  • Heating: Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: SOUTH WESTERN CSD 2511 FRA CO.

Lot Info

  • Parcel Number: 570-110009
  • Lot Size Sq Ft: 242629.2
  • Additional Parcels: No
  • Zoning Description: Multi

Multi Family

  • Number Of Units Total: 96
  • Electric Expense: 44889.0
  • Insurance Expense: 12183.0
  • Maintenance Expense: 49522.0
  • Net Operating Income: 225531.0
  • Annual Operating Expense: 282849.0

Tax Info

  • Tax Annual Amount: 52011.88

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List 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 List to Sale Price per Sq Ft
08/06/2012 08/06/12 Sold $2,180,000 -10.1% $28 / Sq Ft
07/07/2012 07/07/12 Pending -- -- --
05/22/2012 05/22/12 For Sale $2,425,000 -- $31 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 212017482

Columbus and Central Ohio Regional MLS