50 E 7th Avenue, Columbus, OH 43201 (MLS# 219006875)

50 E 7th Avenue, Columbus, OH 43201

$3,250,000

Property Type: Multi-Family Lot Size (sq. ft.): 22,216 Status: Closed

Current Price: $3,250,000 List Date: 3/11/2019 Last Modified: 1/31/2025

Overview

Description

20 unit asset with a taste of the OSU South Campus Area and the Short North area of Columbus. Every unit has undergone a stunning renovation. Urban location with excellent Tenants. Adjacent to retail, an affluent neighborhood, and close proximity to I-71. Ample parking and good visibility. Other great features: Low maintenance, impressive finishes & professionally managed. Provides a great return and is easy to manage

Listing Details MLS# 219006875

Location Property Info

Original List Price: 3300000
Property Sub Type: Midrise
Street #: 50
Street PreDirection: E
Street Name: 7th
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43201
Subdiv/Cmplx/Comm: OSU Campus area
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2019-03-11

General Property Info

Number of Units: 20
# of Buildings: 2
Total Parking: 31
Building Sqft: 18918
Year Built: 1966
Built Prior to 1978: Yes
Acreage: 0.51

Tax Info

Parcel #: 010-026112
Tax Year: 2017
Tax Abatement: No
Taxes (Yrly): 24474

Status Change Info

Under Contract Date: 2019-08-28
Sold Date: 2020-01-15
Sold Price/SqFt: 171.79

1 Bedroom

1 Bedroom # of Units: 2

More Information

2 Bedroom

2 Bedroom # of Units: 15

3 Bedroom

3 Bedroom # of Units: 2

Other

Other # of Units: Yes

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 174.44
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: Yes

Remarks & Misc

Property Description: 20 unit asset with a taste of the OSU South Campus Area and the Short North area of Columbus. Every unit has undergone a stunning renovation. Urban location with excellent Tenants. Adjacent to retail, an affluent neighborhood, and close proximity to I-71. Ample parking and good visibility. Other great features: Low maintenance, impressive finishes & professionally managed. Provides a great return and is easy to manage

Income/Expenses

Gross Income: 336800
Net Operating Income: 259704
Total Expenses: 77096

Addl Acceptance Cond

None Known: Yes

Construction

Stucco: Yes

Heat Fuel

Gas: Yes

Services Available

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

Tenant Pays

Gas: Yes
Electricity: Yes

Heating

Forced Air: Yes

New Financing

Conventional: Yes

Air Conditioning

Central Air: Yes

Owner Pays

Sewer: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Sewer Tenant Pays: Electricity; Gas Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Stucco Services Available: Electricity Available; Natural Gas Available; Water Available New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Documents

Marketing Package ›

Listing Office: Northsteppe Realty

Listing Agent: Michael L Linsker

Last Updated: January - 31 - 2025

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