58-64 W 3rd Avenue, Columbus, OH 43201 (MLS# 220012634)

58-64 W 3rd Avenue, Columbus, OH 43201

$1,600,000

Property Type: Multi-Family Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $1,600,000 List Date: 4/27/2020 Last Modified: 2/07/2025

Overview

Description

Amazing Value-add Investment Opportunity. 12 Units. Perfect Location to High Street. The Core of the Short North. Walk to Chipotle! 3 units are used as furnished short-term rentals with management in place. 6 units have been extensively renovated. Great Bones with 11ft ceilings! 12 spot parking pad in the back could be monetized. On-site Coin Laundry in Basement. Very easy to rent due to location. Seller Financing available. Before Covid, the total monthly cashflow was between $15,000-$19,000 depending on occupancy. Short term rentals occupancy still above 85% during the epidemic

Listing Details MLS# 220012634

Location Property Info

Original List Price: 1575000
Property Sub Type: Mixed Use
Street #: 58-64
Street PreDirection: W
Street Name: 3rd
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43201
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2020-04-21

General Property Info

Number of Units: 12
Building Sqft: 14312
Year Built: 1940
Built Prior to 1978: Yes
Acreage: 0.22

Tax Info

Parcel #: 010-045408
Tax Year: 2019
Tax Abatement: No
Taxes (Yrly): 16027

Status Change Info

Under Contract Date: 2020-05-10
Sold Date: 2020-07-01
Sold Price/SqFt: 111.79

1 Bedroom

1 Bedroom # of Units: 9

More Information

2 Bedroom

2 Bedroom # of Units: Yes

3 Bedroom

3 Bedroom # of Units: 2

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/SqFt: 110.05
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: Yes

Remarks & Misc

Property Description: Amazing Value-add Investment Opportunity. 12 Units. Perfect Location to High Street. The Core of the Short North. Walk to Chipotle! 3 units are used as furnished short-term rentals with management in place. 6 units have been extensively renovated. Great Bones with 11ft ceilings! 12 spot parking pad in the back could be monetized. On-site Coin Laundry in Basement. Very easy to rent due to location. Seller Financing available. Before Covid, the total monthly cashflow was between $15,000-$19,000 depending on occupancy. Short term rentals occupancy still above 85% during the epidemic

Income/Expenses

Gross Income: 183370
Net Operating Income: 112477
Total Expenses: 70893

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Gas: Yes

Services Available

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

Miscellaneous

Basement: Yes
Fireplace: Yes
W/D Hookups: Yes

Alternate Uses

Commercial: Yes
Residential: Yes

Heating

Forced Air: Yes

New Financing

Owner Financing: Yes

Air Conditioning

Central Air: Yes
Window Unit(s): Yes

Owner Pays

Electric: Yes
Gas: Yes
Sewer: Yes
Trash: Yes
Water: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Electric; Gas; Sewer; Trash; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air; Window Unit(s) Construction: Brick Services Available: Electricity Available; Natural Gas Available; Water Available Miscellaneous: Basement; Fireplace; W/D Hookups Alternate Uses: Commercial; Residential New Financing: Owner Financing MLS Primary PhotoSrc: Realtor Provided

Documents

List of Improvements ›

Agency ›

LPD ›

PnL ›

Listing Office: List

Listing Agent: Carson D Thrush

Last Updated: February - 07 - 2025

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