List Price/SqFt: 121.07
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.5
For Sale: Yes
Exchange: No
# of Buildings: 1
Occupancy Rate: 94
Built Prior to 1978: Yes
Total Parking: 26
Building Sqft: 12390
Lot Size (Side): 180
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 16
Year Built: 1968
Zoning: AR-1
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010084789 & 010084788
Assessment: none
Tax Abatement: No
Taxes (Yrly): 29566
Parcel #: 010-084787
Tax Year: 2023
Property Description: Clintonville 16-Unit Apt Building located at the corner of Indianola & Wetmore Rd. Features 15 one-bedroom units and 1 studio, with 14 units currently leased as of 11/15/24, generating an AVG rent of $982.85/m. The rent roll is available under documents. New roof 2018. There are 14 carports and off-street parking for approx. 12 additional vehicles.
Owner covers gas, water, and sewer, while residents pay electricity. With two units renting for $1,095 and $1,145, there's potential for rent increases. This building is a stable, long-term investment located on a bus line. Buyer concessions may be considered. This building is a stable long-term investment on the bus line that is a GOOD CANDIDATE FOR an A 1031 EXCHANGE BUYER. New roof in 2018
Sold Price/SqFt: 131.15
Under Contract Date: 2024-12-10
Sold Date: 2024-12-13
Sold Price: $1,625,000
Gross Income: 164826
Net Operating Income: 95515
Total Expenses: 69311
Financials ForYearOf: 2024
Gross Rental Income: 164826
R.E. Taxes: 29837
Property Insurance: 8377
Repairs&Maintenance: 16567
Gas Expense: 12191
1 Bedroom # of Units: 16
1 Bedroom Month Rent Per Unit: 982
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
Carports: 1
Public Transport: 1
Auction/Online Bidding Y/N: No
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Original List Price: 1500000
Sold Price: $1,625,000
Property Sub Type: Midrise
Street #: 699
Street Name: Wetmore
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43214
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
Status: Closed
MLS Entry Date: 2024-11-18
Addl Acceptance Cond: None Known
Parking Features: On Street
Owner Pays: Gas; Sewer; Trash; Water
Tenant Pays: Electricity
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous: Carports; Public Transport
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
