$1,100,000
$1,150,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
0.41 Acres Lot
SOLD DATE : 02/14/2025
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Midrise
Listing Status Sold
Purchase Type For Sale
Subdivision 18 - 1-Bedroom Units 0N 3 Floors
MLS Listing ID 224042254
Sold Date 02/14/25
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1963
Annual Tax Amount $10,370
Lot Size 0.410 Acres
Lot Dimensions 0.41
Property Sub-Type Midrise
Property Description
18 - 1 BR units at the NE corner of Camp Chase Dive and Derrer Road. 6 units per floor in 2,5 story midrise. 100% current occupancy - market rates $750/unit - upside potential to $162,000. 2023 gross $132.048. 2024 estimated gross +/- $146,000. Out of state absentee owner of over 50 year manages property. Great upside!! Located near Great Western Shopping Center @ Wilson & W. Broad. Tenants pay electric and gas. Units have window/sleeve air conditioning units. Newer paved parking in rear at Camp Chase Trail. HUGE upside with new owner/management in place. Units rent quickly. Financials available to qualified buyers NDA and verification of funding. 7,857 square feet building, 3 parcels, .41 acres. PLEASE do not disturb tenants, Asking price $1,150,000 - $63,900 per unit. RARE FIND!!
Location
State OH
County Franklin
Community 18 - 1-Bedroom Units 0N 3 Floors
Area 0.41
Zoning Multifamily
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Window, Other
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features 1 Off Street, Common Area
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-078709
Acceptable Financing Conventional
Listing Terms Conventional
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