List Price/SqFt: 2456.22
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
For Sale: Yes
Exchange: No
# of Buildings: 46
Occupancy Rate: 98
Built Prior to 1978: No
Building Sqft: 916
Use Code: 403 - APARTMENT:40+ UNITS
Number of Units: 34
Year Built: 1998
Acreage: 0.01
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-244193-00;010-244196-00;010-244236-00;010-244237-00;010-244292-00;010-244293-00;010-244516-00;010-244350-00;010-244351-00;010-244352-00;010-244353-00;010-244354-00;010-244355-00;010-244356-00;010-244357-00;010-244518-00;010-244519-00;010-244520-00;010-244521-00;010-244522-00;010-244523-00;010-244524-00;010-244424-00;010-244425-00;010-244428-00;
Tax Abatement: No
Taxes (Yrly): 33073.5
Parcel #: 010-244193
Tax Year: 2020
Property Description: 34 apartment homes and 12 detached 1 car garages. (8) One bedrooms one bathroom. (1) 2 bedroom 2 bathroom. (25) 2 bedroom 1 bathroom. (5) units have been completely renovated in the last year. All units are in excellent condition. Tenants have access to pool, clubhouse, and fitness center. Condo association takes care of snow removal, paving, roof, siding, and more. Gross Potential rent is greater than $300,000 per year. Value add opportunity. NOI over $160,000. 6.8% Cap Rate. Combined condo fees annually $60,624. See MLS attachments for details.
Sold Price/SqFt: 2401.75
Under Contract Date: 2021-01-19
Sold Date: 2021-01-21
Sold Price: $2,200,000
Gross Income: 291180
Net Operating Income: 161072
Total Expenses: 130108
1 Bedroom # of Units: 8
1 Bedroom Month Rent Per Unit: 725
2 Bedroom # of Units: 26
2 Bedroom Month Rent Per Unit: 815
1 Car Garage: 1
Detached Garage: 1
Common: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Clubhouse: 1
Garages: 1
Public Transport: 1
Swimming Pool: 1
W/D Hookups: 1
Auction/Online Bidding Y/N: No
Forced Air: 1
Heat Pump: 1
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Original List Price: 2349900
Sold Price: $2,200,000
Property Sub Type: Mixed Use
Street #: 5457
Street Name: Wellington Woods
Street Suffix: Boulevard
County: Franklin
State: OH
Zip Code: 43213
Subdiv/Cmplx/Comm: Wellington Woods Apartments
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
Status: Closed
MLS Entry Date: 2019-11-22
Addl Acceptance Cond: None Known
Parking Features: 1 Car Garage; Detached Garage; Common
Tenant Pays: Electricity; Water
Heat Fuel: Electric
Heating: Forced Air; Heat Pump
Air Conditioning: Central Air
Construction: Brick
Services Available: Electricity Available; Sewer Available; Water Available
Miscellaneous: Clubhouse; Garages; Public Transport; Swimming Pool; W/D Hookups
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
