$660,000
$675,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 09/07/2023
Key Details
Sold Price $660,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision University District
MLS Listing ID 223023317
Sold Date 09/07/23
Year Built 1972
Annual Tax Amount $9,213
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
The long-term owner is selling this SIX unit Near Ohio State University. This building was constructed around 1972 and consists of four two-bedroom flats and two two-bedroom townhomes. Rents for the 2023-24 school year are $850 for the 4 flats and $875 for the 2 townhomes. These are under-market, and the new owner can increase income by adjusting rents closer to market ($950-$1,000/unit) and adding a chargeback for the water of $35/unit. They have equipped kitchens including a range and refrigerator. This site is near OSU main campus and COTA and CABS bus lines. Located on a street of well-kept properties, this building has maintained 100% occupancy for years. Income and expenses are from 2022. See Documents for 2021-22 profit and loss statements. Please do not disturb the residents
Location
State OH
County Franklin
Community University District
Area 0.14
Zoning AR-4
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Columbus Csd 2503 Fra Co.
School District Columbus Csd 2503 Fra Co.
Others
Tax ID 010-005285
Acceptable Financing Conventional
Listing Terms Conventional
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