1580 E Mound Street, Columbus, OH 43205 (MLS# 224000530)

1580 E Mound Street, Columbus, OH 43205

$1,430,000

Property Type: Multi-Family Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $1,430,000 List Date: 1/06/2024 Last Modified: 3/04/2025

Overview

Description

All brick 12 unit apartment building located in an appreciating neighborhood within close proximity to Downtown Columbus. All of the units feature a 2 bedroom and 1 full bath layout fully renovated in 2021 with butcher block counters, and high end finishes. Each unit has its own hot water tank, furnace and AC, with off street parking. Building 100% tax abated as of 2024 for 15 years. Curb offers only, please do not disturb residents.

Listing Details MLS# 224000530

Location Property Info

Original List Price: 1500000
Property Sub Type: Midrise
Street #: 1580
Street PreDirection: E
Street Name: Mound
Street Suffix: Street
County: Franklin
State: OH
Zip Code: 43205
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2024-01-06

General Property Info

Number of Units: 12
# of Buildings: Yes
Building Sqft: 10944
Year Built: 1963
Built Prior to 1978: Yes
Acreage: 0.12

Tax Info

Parcel #: 010-029273
Tax Year: 2022
Tax Abatement: Yes
Abatement End Date: 2039-02-07
Taxes (Yrly): 5681.68

Status Change Info

Under Contract Date: 2024-05-13
Sold Date: 2024-05-23
Sold Price/SqFt: 130.67

2 Bedroom

2 Bedroom # of Units: 12

More Information

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 137.06
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: All brick 12 unit apartment building located in an appreciating neighborhood within close proximity to Downtown Columbus. All of the units feature a 2 bedroom and 1 full bath layout fully renovated in 2021 with butcher block counters, and high end finishes. Each unit has its own hot water tank, furnace and AC, with off street parking. Building 100% tax abated as of 2024 for 15 years. Curb offers only, please do not disturb residents.

Income/Expenses

Gross Income: 76778.06
Net Operating Income: 51722.35
Total Expenses: 25055.71

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Gas: Yes

Parking Features

Common: Yes

Sewer

Public Sewer: Yes
Private Sewer: Yes

Services Available

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

Tenant Pays

Gas: Yes
Electricity: Yes

Alternate Uses

Residential: Yes

Heating

Forced Air: Yes

New Financing

Conventional: Yes

Air Conditioning

Other: Yes

Owner Pays

Sewer: Yes
Water: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: Common Owner Pays: Sewer; Water Tenant Pays: Electricity; Gas Heat Fuel: Gas Heating: Forced Air Air Conditioning: Other Construction: Brick Sewer: Public Sewer; Private Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available Alternate Uses: Residential New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Red 1 Realty

Listing Agent: Jeffrey Sheu

Last Updated: March - 04 - 2025

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