$3,200,000 Price Analysis    ♡   Columbus, OH 43204 72 bed None bath 31,104 SqFt ($102/SqFt) 8,712SqFt lot. Built 1963 Listed 2023-08-09, Taxes $3,779 | Ⓧ USDA Ineligible due to price & location near Columbus |
This portfolio has had major improvements completed over the last five years.
Mostly new windows and sliders, gutters, soffits, th e metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks.
With the current rent roll the CAP rate on this portfolio is shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. Wth all 36 units being leased at $875 a month the return on this portfolio should be north of 9%.
Presented by Bryan Jarrett at
Keller Williams Capital Partners.
Property MLS #223025552 from ColumbusCORMLS
Heating Features: Forced Air
Heating Fuel: Gas
Lot Size Square Feet: 8712
Number of 2 Bedroom Units: 36
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Franklin
Tax Year: 2023
Source Property Type: Multi-Family
Source Neighborhood: Westgate Terrace
Owner Pays: Trash
Parcel Number: 010-119823
Subdivision: Westgate Terrace
Property Subtype: Flat
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $37,800 + $12,600 $50,400 | $3,779 |
| 2021 | $37,800 + $12,600 $50,400 | $3,795 |
| 2020 | $37,800 + $12,600 $50,400 | $3,769 |
| 2019 | $31,500 + $10,500 $42,000 | $3,448 |
| 2019 | $31,500 + $10,500 $42,000 | $3,459 |
| 2017 | $31,500 + $10,500 $42,000 | $3,455 |
| 2016 | $21,000 + $10,500 $31,500 | $2,741 |
| 2015 | $21,000 + $10,500 $31,500 | $2,545 |
| 2014 | $21,000 + $10,500 $31,500 | $2,544 |
| 2013 | $21,000 + $10,500 $31,500 | $2,521 |
| 2012 | $21,000 + $10,500 $31,500 | $2,510 |
| 2011 | $21,000 + $10,500 $31,500 | $2,473 |
$3,200,000
ColumbusCORMLS
Sold 2017-08-28
$920,000
Public Record
Listing removed 2017-07-05
$169,000
ColumbusCORMLS
Listed 2017-06-06
$169,000
ColumbusCORMLS
Year Built: 1963
Building Exterior Type: Brick
Property Age: 61
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.