1245 Crestwood Avenue, Columbus, OH 43227 (MLS# 217003935)

1245 Crestwood Avenue, Columbus, OH 43227

$1,600,000

Property Type: Multi-Family Lot Size (sq. ft.): 10,454 Status: Closed

Current Price: $1,600,000 List Date: 3/15/2017 Last Modified: 1/19/2025

Description

Scottwood Apartment Complex includes 36 Brick Townhouse apartments. A fully leased, turnkey property with strong management in place. Recent Updates include New Roof, Windows, and numerous other significant renovations to electric boxes, kitchens and bathes, flooring, and HVAC systems. Excellent curb appeal and 22,000 drive by traffic count for quick rental. 7.5% CAP rate.

Supplements: ********

More Information MLS# 217003935

Location & Property Info

List Price/SqFt: 120.71 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Built Prior to 1978: Yes Building Sqft: 14000 Number of Units: 36 Year Built: 1961 Acreage: 0.24

Tax Info

Addl Parcel Numbers: 010-129458-00, 010-129459-00, 010-129460-00, 010-129460-00, 010-129461-00, 010-129462-00, 010-129463-00, 010-129464-00 Taxes (Yrly): 48000 Parcel #: 010-129458 Tax Year: 2016

Remarks & Misc

Property Description: Scottwood Apartment Complex includes 36 Brick Townhouse apartments. A fully leased, turnkey property with strong management in place. Recent Updates include New Roof, Windows, and numerous other significant renovations to electric boxes, kitchens and bathes, flooring, and HVAC systems. Excellent curb appeal and 22,000 drive by traffic count for quick rental. 7.5% CAP rate.

Status Change Info

Sold Price/SqFt: 114.29 Under Contract Date: 2017-03-31 Sold Date: 2017-05-24 Sold Price: $1,600,000

Income/Expenses

Gross Income: 241553 Net Operating Income: 118000 Total Expenses: 123000

Addl Acceptance Cond

None Known: 1

Financials

Financials ForYearOf: 2016

2 Bedroom

2 Bedroom # of Units: 36 2 Bedroom Month Rent Per Unit: 625

Auction Info

Auction/Online Bidding Y/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1690000 Sold Price: $1,600,000 Property Sub Type: Townhouse Street #: 1245 Street Name: Crestwood Street Suffix: Avenue County: Franklin State: OH Zip Code: 43227 Subdiv/Cmplx/Comm: Scottwood Apartment Complex School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2017-02-12

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Listing Office: SVN Wilson Commercial

Listing Agent: Kristen H Asman

Last Updated: January - 19 - 2025

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