1898 Baldwin Road, Reynoldsburg, OH 43068 (MLS# 224010925)

1898 Baldwin Road, Reynoldsburg, OH 43068

$2,605,000

Property Type: Multi-Family Lot Size (sq. ft.): 19,166 Status: Closed

Current Price: $2,605,000 List Date: 9/04/2024 Last Modified: 3/05/2025

Overview

Description

PLEASE READ THE LATEST LOAN DETAILS FROM THE MARKETING BROCHURE. Opportunity to own a cash flowing stable investment of this 24 units apartment in Reynoldsburg. The property consists of 6 buildings with a unit mix of one 3 beds 1.5 baths and 23 units of 2 beds 1.5baths. The property went through a stabilized process to have a good management team, good tenants, separate water readings, all rent ready conditions and increased tenant satisfaction with a camera system for common areas, maintained cleanliness and on time landscaping. Assumable Loan at 3.78% interest. Current Property Management willing to stay. Perfect Candidate for 1031 Exchange. 100% Leased. No Showings allowed.

Listing Details MLS# 224010925

Location Property Info

Original List Price: 3000000
Property Sub Type: Midrise
Street #: 1898
Street Name: Baldwin
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43068
Subdiv/Cmplx/Comm: BLACKLICK HGHTS 2
School District: REYNOLDSBURG CSD 2509 FRA CO.
Township: Truro

OfficeContract Info

MLS Entry Date: 2024-04-12

General Property Info

Number of Units: 24
Building Sqft: 20800
Year Built: 1967
Built Prior to 1978: Yes
Acreage: 0.44
Use Code: 402 - APARTMENT:20-39 UNITS

Tax Info

Parcel #: 060-004514
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 23556

Status Change Info

Under Contract Date: 2024-10-03
Sold Date: 2025-01-09
Sold Price/SqFt: 125.24

Auction Info

Auction/Online Bidding Y/N: No

More Information

Location & Property Info

List Price/SqFt: 129.81
City (Mailing Addr): Reynoldsburg
Corp LimitPerAuditor: Reynoldsburg

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: PLEASE READ THE LATEST LOAN DETAILS FROM THE MARKETING BROCHURE. Opportunity to own a cash flowing stable investment of this 24 units apartment in Reynoldsburg. The property consists of 6 buildings with a unit mix of one 3 beds 1.5 baths and 23 units of 2 beds 1.5baths. The property went through a stabilized process to have a good management team, good tenants, separate water readings, all rent ready conditions and increased tenant satisfaction with a camera system for common areas, maintained cleanliness and on time landscaping. Assumable Loan at 3.78% interest. Current Property Management willing to stay. Perfect Candidate for 1031 Exchange. 100% Leased. No Showings allowed.

Income/Expenses

Gross Income: 301812
Net Operating Income: 215156
Total Expenses: 86656

Addl Acceptance Cond

None Known: Yes

Heat Fuel

Gas: Yes

Sewer

Public Sewer: Yes

Heating

Forced Air: Yes

New Financing

Assumable: Yes

Air Conditioning

Central Air: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Sewer: Public Sewer New Financing: Assumable MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Greater Cols

Listing Agent: Tracy T Keffer

Last Updated: March - 05 - 2025

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