5457 Wellington Woods Boulevard, Columbus, OH 43213 (MLS# 219043618)

5457 Wellington Woods Boulevard, Columbus, OH 43213

$2,200,000

Property Type: Multi-Family Lot Size (sq. ft.): 436 Status: Closed

Current Price: $2,200,000 List Date: 11/22/2019 Last Modified: 2/05/2025

Overview

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.

Listing Details MLS# 219043618

Location Property Info

Original List Price: 2349900
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

OfficeContract Info

MLS Entry Date: 2019-11-22

General Property Info

Number of Units: 34
# of Buildings: 46
Building Sqft: 916
Year Built: 1998
Built Prior to 1978: No
Occupancy Rate: 98
Acreage: 0.01
Use Code: 403 - APARTMENT:40+ UNITS

Tax Info

Parcel #: 010-244193
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 Year: 2020
Tax Abatement: No
Taxes (Yrly): 33073.5

Status Change Info

Under Contract Date: 2021-01-19
Sold Date: 2021-01-21
Sold Price/SqFt: 2401.75

1 Bedroom

1 Bedroom # of Units: 8
1 Bedroom Month Rent Per Unit: 725

More Information

2 Bedroom

2 Bedroom # of Units: 26
2 Bedroom Month Rent Per Unit: 815

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/SqFt: 2456.22
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

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.

Income/Expenses

Gross Income: 291180
Net Operating Income: 161072
Total Expenses: 130108

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Electric: Yes

Parking Features

1 Car Garage: Yes
Detached Garage: Yes
Common: Yes

Services Available

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Miscellaneous

Clubhouse: Yes
Garages: Yes
Public Transport: Yes
Swimming Pool: Yes
W/D Hookups: Yes

Tenant Pays

Water: Yes
Electricity: Yes

Heating

Forced Air: Yes
Heat Pump: Yes

New Financing

Conventional: Yes

Air Conditioning

Central Air: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

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

Listing Office: RE/MAX Connection

Listing Agent: DeLena Ciamacco

Last Updated: February - 05 - 2025

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