3400 Camp Chase Drive, Columbus, OH 43204 (MLS# 224042254)

3400 Camp Chase Drive, Columbus, OH 43204

$1,100,000

Property Type: Multi-Family Lot Size (sq. ft.): 17,860 Status: Closed

Current Price: $1,100,000 List Date: 12/05/2024 Last Modified: 2/15/2025

Overview

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!!

Listing Details MLS# 224042254

Location Property Info

Original List Price: 1150000
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

OfficeContract Info

MLS Entry Date: 2024-12-03

General Property Info

Number of Units: 18
# of Buildings: Yes
Total Parking: 18
Building Sqft: 7857
Year Built: 1963
Built Prior to 1978: Yes
Occupancy Rate: 100
Lot Size (Side): IRR
Acreage: 0.41
Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 010-078709
Zoning: Multifamily
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 3 total parcels 010-078709 010-078710 010-006847 Totaling .41 acres
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 10370
Tax Incentive: No

Status Change Info

Under Contract Date: 2024-12-11
Sold Date: 2025-02-14
Sold Price/SqFt: 140

1 Bedroom

1 Bedroom # of Units: 18
1 Bedroom Month Rent Per Unit: 750

More Information

Expenses

R.E. Taxes: 11100
Property Insurance: 5975
Electricity Expense: 4000
Accounting & Legal: 13900
Misc Expense: 20000
Water Expense: 4000

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/SqFt: 146.37
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.1

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

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!!

Income/Expenses

Gross Income: 145000
Net Operating Income: 80000
Total Expenses: 65000

Addl Acceptance Cond

None Known: Yes

Construction

Block: Yes
Frame: Yes
Brick: Yes

Heat Fuel

Gas: Yes

Parking Features

Common: Yes

Sewer

Public Sewer: Yes

Services Available

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

Miscellaneous

Public Transport: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Heating

Forced Air: Yes

New Financing

Conventional: Yes

Air Conditioning

Window Unit(s): Yes
Other: Yes

Owner Pays

Sewer: Yes
Trash: Yes
Water: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

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

Listing Office: Hanna Commercial, LLC

Listing Agent: Gregory J Hrabcak

Last Updated: February - 15 - 2025

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