730-748 N Nelson Road, Columbus, OH 43219 (MLS# 219040462)

730-748 N Nelson Road, Columbus, OH 43219

$1,060,000

Property Type: Multi-Family Lot Size (sq. ft.): 45,738 Status: Closed

Current Price: $1,060,000 List Date: 10/25/2019 Last Modified: 2/05/2025

Description

A great opportunity to own a solid unit mix near downtown Columbus. This experienced owner-operator has completely renovated this property into a turn-key asset. It's ready for a new investor to enter the rapidly growing Columbus market or for a seasoned owner to add units to their portfolio and begin collecting rent immediately. While recently renovated, there is still a significant amount of investment upside available for value add investors. Renovations in past 2 years include: -All roofs (2018 & 2019) - All furnaces - All windows - All interiors (flooring, cabinets, doors, shower surrounds) - Most appliances (Oven, Refrigerator) - 8 air-conditioner units - Exterior landscaping - Exterior fencing around the property

Supplements: ********

More Information MLS# 219040462

Location & Property Info

City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Occupancy Rate: 100 Built Prior to 1978: Yes Number of Units: 16 Year Built: 1958 Acreage: 1.05

Tax Info

Tax Abatement: No Taxes (Yrly): 923 Parcel #: 010-034097 Tax Year: 2019

Remarks & Misc

Property Description: A great opportunity to own a solid unit mix near downtown Columbus. This experienced owner-operator has completely renovated this property into a turn-key asset. It's ready for a new investor to enter the rapidly growing Columbus market or for a seasoned owner to add units to their portfolio and begin collecting rent immediately. While recently renovated, there is still a significant amount of investment upside available for value add investors. Renovations in past 2 years include: -All roofs (2018 & 2019) - All furnaces - All windows - All interiors (flooring, cabinets, doors, shower surrounds) - Most appliances (Oven, Refrigerator) - 8 air-conditioner units - Exterior landscaping - Exterior fencing around the property

Income/Expenses

Gross Income: 142644 Net Operating Income: 101286 Total Expenses: 41358

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 8

3 Bedroom

3 Bedroom # of Units: 8

Auction Info

Auction/Online Bidding Y/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1125000 Sold Price: $1,060,000 Property Sub Type: Flat Street #: 730-748 Street PreDirection: N Street Name: Nelson Street Suffix: Road County: Franklin State: OH Zip Code: 43219 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2019-10-25

Status Change Info

Under Contract Date: 2019-11-23 Sold Date: 2020-01-06 Sold Price: $1,060,000

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided

Listing Office: SVN Wilson Commercial

Listing Agent: Kareem Amr

Last Updated: February - 05 - 2025

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