532 E High Avenue, Bellefontaine, OH 43311 (MLS# 223014836)

532 E High Avenue, Bellefontaine, OH 43311

$1,400,000

Property Type: Multi-Family Lot Size (sq. ft.): 56,192 Status: Closed

Current Price: $1,400,000 List Date: 5/23/2023 Last Modified: 3/01/2025

Description

Apartment Complex! Investment opportunity with 15 units near Mary Rutan Park. Nine units are townhouse-style and the remaining six units are ranch-style. Each Townhouse apartment consists of 1210 sqft with 2 BR, 1.5 BA, & washer/dryer hookup in the full bath; owner provides a dumpster. Each Ranch apartment consists of 1008 sqft with 2 BR, 1 BA, and utility room featuring a washer/dryer hook-up. Ample parking spaces including a 50x99' parking lot off High Street for two buildings and 1-2 spots per unit at the other buildings: 24+/- spots total. 13 are month-to-month leases. Gross Monthly Rent is $11,870 with a total of $11,370 in security deposits.

Supplements: ********

More Information MLS# 223014836

Location & Property Info

List Price/SqFt: 88.32 City (Mailing Addr): Bellefontaine Corp LimitPerAuditor: Bellefontaine

Office/Contract Info

Active on MLS: 2023-05-23 For Sale: Yes Exchange: No

General Property Info

# of Buildings: 5 Occupancy Rate: 100 Built Prior to 1978: Yes Total Parking: 21 Building Sqft: 16983 Use Code: 419 - OTHER COMMERCIAL HOUSING Number of Units: 15 Year Built: 1972 Acreage: 1.29

Tax Info

Zoning: R3 Mult Parcels/Sch Dis: Yes Addl Parcel Numbers: All Parcels: 17-092-09-04-006-000, 17-092-09-04-006-001, 17-092-09-04-006-002, 17-092-09-04-006-003, 17-092-09-04-006-004, and 17-092-09-04-015-000. Tax Abatement: No Taxes (Yrly): 1502.88 Tax Incentive: No Parcel #: 17-092-09-04-006-002 Tax Year: 2022

Remarks & Misc

Property Description: Apartment Complex! Investment opportunity with 15 units near Mary Rutan Park. Nine units are townhouse-style and the remaining six units are ranch-style. Each Townhouse apartment consists of 1210 sqft with 2 BR, 1.5 BA, & washer/dryer hookup in the full bath; owner provides a dumpster. Each Ranch apartment consists of 1008 sqft with 2 BR, 1 BA, and utility room featuring a washer/dryer hook-up. Ample parking spaces including a 50x99' parking lot off High Street for two buildings and 1-2 spots per unit at the other buildings: 24+/- spots total. 13 are month-to-month leases. Gross Monthly Rent is $11,870 with a total of $11,370 in security deposits.

Status Change Info

Sold Price/SqFt: 82.44 Under Contract Date: 2023-06-26 Sold Date: 2023-07-31 Sold Price: $1,400,000

Income/Expenses

Gross Income: 11870 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 15

Construction

Brick: 1 Vinyl Siding: 1

Heat Fuel

Electric: 1

Parking Features

Common: 1

Sewer

Public Sewer: 1

Services Available

Electricity Available: 1 Sewer Available: 1 Water Available: 1

Miscellaneous

W/D Hookups: 1

Tenant Pays

Sewer: 1 Trash Collection: 1 Water: 1 Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Heating

Forced Air: 1 Other: 1

New Financing

Conventional: 1

Air Conditioning

Central Air: 1 Other: 1

Owner Pays

Trash: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Sale Info

Seller Assisted Fin: Y Seller/Buyer Concessions: N

Location Property Info

Original List Price: 1500000 Sold Price: $1,400,000 Property Sub Type: Mixed Use Street #: 532 Street PreDirection: E Street Name: High Street Suffix: Avenue County: Logan State: OH Zip Code: 43311 School District: BELLEFONTAINE CSD 4601 LOG CO. Township: Lake

OfficeContract Info

Status: Closed MLS Entry Date: 2023-05-19

Property Features

Addl Acceptance Cond: None Known Parking Features: Common Owner Pays: Trash Tenant Pays: Electricity; Sewer; Trash Collection; Water Heat Fuel: Electric Heating: Forced Air; Other Air Conditioning: Central Air; Other Construction: Brick; Vinyl Siding Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Water Available Miscellaneous: W/D Hookups New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Documents

LBP ›

Rents and Deposits ›

Listing Office: ROYER REALTY LLC

Listing Agent: Bryn L Daring-Stewart

Last Updated: March - 01 - 2025

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