List Price/SqFt: 60.57
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.2
For Sale: Yes
Exchange: No
# of Buildings: 2
Occupancy Rate: 85
Built Prior to 1978: Yes
Total Parking: 11
Building Sqft: 28068
Lot Size (Side): 81
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 12
Year Built: 1900
Acreage: 0.28
Addl Parcel Numbers: 010-040702 724 FRANKLIN AVE.
Tax Abatement: No
Taxes (Yrly): 11748
Parcel #: 010-036405
Tax Year: 2017
Property Description: REMARKABLE BRICK 12 UNIT (3) BEDROOMS (1) BTH. PLUS ADDITIONAL LOT ADJACENT LOT WITH 11 GARAGE AND BUILD OUT TO PUT CARRIAGE HOUSE APT ABOUT 1 GARAGE. LOCATED AT THE CORNER OF PARSONS AND FRANKLIN AVE. IN HISTORIC OLDE TOWNE EAST. RENTS RANGE FROM $1000-1200 HUGH BASEMENT MIGHT SERVE FOR ADDITIONAL UNITS IN A CONDO CONVERSION PROJECT, GREAT RENTAL ADDITIONAL UPDATES TO KITCHEN AND BATHS TO HELP THIS GREAT BUILDING REACH ITS FULL RENTAL POTENTIAL. HARDWOOD FLOORS, SUN PORCHES, W/D HOOK UPS FRONT AND BACK ENTRANCES, CLASSIC ENTRY WITH TERRAZZO FLRS, WROUGHT IRON RAILS.
Sold Price/SqFt: 48.1
Under Contract Date: 2018-07-27
Sold Date: 2018-08-27
Sold Price: $1,350,000
Gross Income: 112099
Net Operating Income: 83514
Total Expenses: 28584
Financials ForYearOf: 2017
Gross Rental Income: 112099.39
Vac & Cr Loss: 4
Efficiency Month Rent Per Unit: 0
R.E. Taxes: 13123.55
Property Insurance: 4504.92
Off-Site Management: 10485.42
Repairs&Maintenance: 17622
Electricity Expense: 1944.14
Gas Expense: 956.41
Water Expense: 4223.24
1 Bedroom Month Rent Per Unit: 0
2 Bedroom Month Rent Per Unit: 0
3 Bedroom # of Units: 12
3 Bedroom Month Rent Per Unit: 1000
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Basement: 1
Garages: 1
Public Transport: 1
W/D Hookups: 1
Gas: 1
Sewer: 1
Water: 1
Electricity: 1
Auction/Online Bidding Y/N: No
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Original List Price: 2000000
Sold Price: $1,350,000
Property Sub Type: Midrise
Street #: 700
Street Name: Franklin
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43205
Subdiv/Cmplx/Comm: OLDE TOWNE EAST
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
Status: Closed
MLS Entry Date: 2018-03-10
Addl Acceptance Cond: None Known
Owner Pays: Trash
Tenant Pays: Electricity; Gas; Sewer; Water
Heat Fuel: Gas
Air Conditioning: Central Air
Construction: Brick
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement; Garages; Public Transport; W/D Hookups
Alternate Uses: Residential
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
