1557 Crystal Court, Newark, OH 43055 (MLS# 220039782)

1557 Crystal Court, Newark, OH 43055

$1,620,000

Property Type: Multi-Family Lot Size (sq. ft.): 55,757 Status: Closed

Current Price: $1,620,000 List Date: 12/16/2020 Last Modified: 2/10/2025

Overview

Description

1557 - 1567 Crystal Ct. is a brick 6 building, 24-unit apartment community. The property has been maintained well and is in very good condition. The community is 100% occupied. The individual units are one-bedroom, 2 story townhouses. All units include a range, refrigerator and washer and dryer. 12 units have single entrance, 2-car garages. The community is set on a beautiful 1.28 acre site with professional landscaping and a park like setting.

Listing Details MLS# 220039782

Location Property Info

Original List Price: 1695000
Property Sub Type: Townhouse
Street #: 1557
Street Name: Crystal
Street Suffix: Court
County: Licking
State: OH
Zip Code: 43055
Subdiv/Cmplx/Comm: Waterford Arms II
School District: NEWARK CSD 4507 LIC CO.
Township: None

OfficeContract Info

MLS Entry Date: 2020-11-10

General Property Info

Number of Units: 24
# of Buildings: 6
Building Sqft: 17028
Year Built: 1995
Built Prior to 1978: No
Occupancy Rate: 100
Acreage: 1.28

Tax Info

Parcel #: 054-233334-00.002
Tax Year: 2019
Tax Abatement: No
Taxes (Yrly): 19022
Tax Incentive: No

Status Change Info

Under Contract Date: 2021-02-05
Sold Date: 2021-02-26
Sold Price/SqFt: 95.14

1 Bedroom

1 Bedroom # of Units: 24
1 Bedroom Month Rent Per Unit: 630

More Information

Financials

Gross Rental Income: 176280
Effective Income: 167466
Vac & Cr Loss: 8814

Expenses

R.E. Taxes: 18938
Property Insurance: 3400
Repairs&Maintenance: 15025
Property Management: 10048
Water Expense: 1244

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 99.54
City (Mailing Addr): Newark
Corp LimitPerAuditor: Newark

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: 1557 - 1567 Crystal Ct. is a brick 6 building, 24-unit apartment community. The property has been maintained well and is in very good condition. The community is 100% occupied. The individual units are one-bedroom, 2 story townhouses. All units include a range, refrigerator and washer and dryer. 12 units have single entrance, 2-car garages. The community is set on a beautiful 1.28 acre site with professional landscaping and a park like setting.

Income/Expenses

Gross Income: 176280
Net Operating Income: 118811
Total Expenses: 48655

Addl Acceptance Cond

None Known: Yes

Construction

Frame: Yes
Brick: Yes

Parking Features

2 Car Garage: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

Miscellaneous

Garages: Yes

Tenant Pays

Gas: Yes
Sewer: Yes
Water: Yes
Electricity: Yes

Heating

Forced Air: Yes

New Financing

Conventional: Yes

Air Conditioning

Other: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: 2 Car Garage Tenant Pays: Electricity; Gas; Sewer; Water Heating: Forced Air Air Conditioning: Other Construction: Brick; Frame Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Garages New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: The Hessenauer Corporation

Listing Agent: Michael Hessenauer

Last Updated: February - 10 - 2025

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