$192,000
$165,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/16/2022
Key Details
Sold Price $192,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Albany Club Condominiums
MLS Listing ID 214011784
Sold Date 03/16/22
HOA Fees $111
Originating Board Columbus and Central Ohio Regional MLS
Year Built 2002
Annual Tax Amount $961
Property Description
10% CAP RATE
This area is now getting a lot of development attention because it is located off Stelzer 1 mile south of Morse in corridor between Easton and airport. Thus, this complex has a strong future.
Easy to buy & manage. Perfect for 1st timer or self-manager.
4 1BR units,3622, 3624, 3632,3634 Sunrise Lake Cir.
Rents are presently below market. At mkt. rent of $575/mo., CAP rate is 10%. Currently all occupied.
Condo fee pays for everything -- pools, other facilities, all outside mtc., grass, snow & trash.
Self-managed past 5 years. On-site mgt. by Bray Co. is available.
Gated community, large green areas, ponds, AC, electric heat, clubhouse, 2 pools, w/d hook-ups. Tenant pays utilities.
Location
State OH
County Franklin
Community Albany Club Condominiums
Rooms
Dining Room No
Interior
Heating Heat Pump
Cooling Central
Equipment No
Exterior
Garage 1 Off Street
Parking Type 1 Off Street
Others
Tax ID 265235-00
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