$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 Combination
Listing Status Sold
Purchase Type For Sale
Subdivision University District
MLS Listing ID 223023317
Sold Date 09/07/23
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1972
Annual Tax Amount $9,213
Lot Size 6,098 Sqft
Lot Dimensions 0.14
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
Dining Room No
Interior
Heating Forced Air
Cooling Window
Equipment No
Exterior
Garage 2 Off Street, On Street
Parking Type 2 Off Street, On Street
Others
Tax ID 010-005285
Acceptable Financing Conventional
Listing Terms Conventional
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