List Price/SqFt: 146.37
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.1
For Sale: Yes
Exchange: No
# of Buildings: 1
Occupancy Rate: 100
Built Prior to 1978: Yes
Total Parking: 18
Building Sqft: 7857
Lot Size (Side): IRR
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 18
Year Built: 1963
Acreage: 0.41
Zoning: Multifamily
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 3 total parcels
010-078709
010-078710
010-006847
Totaling .41 acres
Tax Abatement: No
Taxes (Yrly): 10370
Tax Incentive: No
Parcel #: 010-078709
Tax Year: 2023
Property Description: 18 - 1 BR units at the NE corner of Camp Chase Dive and Derrer Road. 6 units per floor in 2,5 story midrise. 100% current occupancy - market rates $750/unit - upside potential to $162,000. 2023 gross $132.048. 2024 estimated gross +/- $146,000. Out of state absentee owner of over 50 year manages property. Great upside!! Located near Great Western Shopping Center @ Wilson & W. Broad. Tenants pay electric and gas. Units have window/sleeve air conditioning units. Newer paved parking in rear at Camp Chase Trail. HUGE upside with new owner/management in place. Units rent quickly. Financials available to qualified buyers NDA and verification of funding. 7,857 square feet building, 3 parcels, .41 acres. PLEASE do not disturb tenants, Asking price $1,150,000 - $63,900 per unit. RARE FIND!!
Sold Price/SqFt: 140
Under Contract Date: 2024-12-11
Sold Date: 2025-02-14
Sold Price: $1,100,000
Gross Income: 145000
Net Operating Income: 80000
Total Expenses: 65000
R.E. Taxes: 11100
Property Insurance: 5975
Electricity Expense: 4000
Accounting & Legal: 13900
Misc Expense: 20000
Water Expense: 4000
1 Bedroom # of Units: 18
1 Bedroom Month Rent Per Unit: 750
Block: 1
Frame: 1
Brick: 1
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Auction/Online Bidding Y/N: No
Window Unit(s): 1
Other: 1
Sewer: 1
Trash: 1
Water: 1
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Original List Price: 1150000
Sold Price: $1,100,000
Property Sub Type: Midrise
Street #: 3400
Street Name: Camp Chase
Street Suffix: Drive
County: Franklin
State: OH
Zip Code: 43204
Subdiv/Cmplx/Comm: 18 - 1-bedroom units 0n 3 floors
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
Status: Closed
MLS Entry Date: 2024-12-03
Addl Acceptance Cond: None Known
Parking Features: Common
Owner Pays: Sewer; Trash; Water
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Window Unit(s); Other
Construction: Block; Brick; Frame
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Public Transport
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
