$3,200,000 Price Analysis 3641 Eakin RdColumbus, 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 |
Mostly new windows and sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated so me 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 vacnt units, some with accepted applications. Once leased 14 units will be at $850 a month. With 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
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 |
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.