1662 Summit Street, Columbus, OH 43201 (MLS# 217020800)

1662 Summit Street, Columbus, OH 43201

$1,325,000

Property Type: Multi-Family Lot Size (sq. ft.): 11,761 Status: Closed

Current Price: $1,325,000 List Date: 6/15/2017 Last Modified: 1/21/2025

Description

OSU off-campus student housing investment, containing 12 - 2 BD / 1 BA units (24 total beds). Units are renovated with large updated kitchens in 2016, spacious bedrooms, large closets, central A/C, laundry room and electronic locks. The units are 100% pre-leased for 2017-18 academic year gross rent per month is $13,200. Owner pays all utilities. Can be purchased individually or part of a 6 property off-campus portfolio that includes 307 E. 15th, 299 E. 15th and 1608 Summit.

Supplements: ********

More Information MLS# 217020800

Location & Property Info

List Price/SqFt: 126.02 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Occupancy Rate: 100 Built Prior to 1978: Yes Building Sqft: 10752 Number of Units: 12 Year Built: 1966 Acreage: 0.27

Tax Info

Mult Parcels/Sch Dis: No Tax Abatement: No Taxes (Yrly): 19890 Parcel #: 010-006183 Tax Year: 2016

Remarks & Misc

Property Description: OSU off-campus student housing investment, containing 12 - 2 BD / 1 BA units (24 total beds). Units are renovated with large updated kitchens in 2016, spacious bedrooms, large closets, central A/C, laundry room and electronic locks. The units are 100% pre-leased for 2017-18 academic year gross rent per month is $13,200. Owner pays all utilities. Can be purchased individually or part of a 6 property off-campus portfolio that includes 307 E. 15th, 299 E. 15th and 1608 Summit.

Status Change Info

Sold Price/SqFt: 123.23 Under Contract Date: 2017-07-06 Sold Date: 2017-09-27 Sold Price: $1,325,000

Income/Expenses

Gross Income: 157440 Net Operating Income: 94558 Total Expenses: 62882

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 12 2 Bedroom Month Rent Per Unit: 1093

Construction

Brick: 1

Heat Fuel

Gas: 1

Parking Features

Assigned: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Miscellaneous

Basement: 1 W/D Hookups: 1

Auction Info

Auction/Online Bidding Y/N: No

Heating

Forced Air: 1

Air Conditioning

Central Air: 1

Owner Pays

Electric: 1 Gas: 1 Sewer: 1 Trash: 1 Water: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1355000 Sold Price: $1,325,000 Property Sub Type: Flat Street #: 1662 Street Name: Summit Street Suffix: Street County: Franklin State: OH Zip Code: 43201 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2017-06-14

Property Features

Addl Acceptance Cond: None Known Parking Features: Assigned Owner Pays: Electric; Gas; Sewer; Trash; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Basement; W/D Hookups MLS Primary PhotoSrc: Realtor Provided

Listing Office: Brown Multifamily Advisors,LLC

Listing Agent: Matthew R Brown

Last Updated: January - 21 - 2025

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