769 Canonby Place, Columbus, OH 43223 (MLS# 213014736)

769 Canonby Place, Columbus, OH 43223

$900,000

Property Type: Multi-Family Lot Size (sq. ft.): 146,797 Status: Closed

Current Price: $900,000 List Date: 5/01/2013 Last Modified: 11/15/2024

Overview

Description

Reposition needed to realize a 12%+ Cap Rate! 76% occupied. Well maintained and improved brick 50 unit complex with 33 two-bedroom units & 17 three-bedroom units. Built in 1971, property provides 8 apartment buildings & 1 community building with leasing offices, group meeting rm, maintenance rm & laundry rm. Average Rents = $542 (2 BR's ave $524/mo & 3 BR's ave $588/mo). Out of state owners selling Ohio investments. Could be coupled with 28 unit complex 3 mi away. Motivated!

Listing Details MLS# 213014736

Location Property Info

Original List Price: 1399000
Property Sub Type: Townhouse
Street #: 769
Street Name: Canonby
Street Suffix: Place
County: Franklin
State: OH
Zip Code: 43223
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2013-05-01

General Property Info

Number of Units: 50
# of Buildings: 9
Building Sqft: 52016
Year Built: 1971
Built Prior to 1978: Yes
Occupancy Rate: 76
Acreage: 3.37
Use Code: 403 - APARTMENT:40+ UNITS

Tax Info

Parcel #: 010-126650
Zoning: AR-3
Mult Parcels/Sch Dis: No
Tax Year: 2012
Taxes (Yrly): 27486.78

Status Change Info

Under Contract Date: 2014-02-07
Sold Date: 2014-02-19
Sold Price/SqFt: 17.3

2 Bedroom

2 Bedroom # of Units: 33
2 Bedroom Month Rent Per Unit: 524

More Information

3 Bedroom

3 Bedroom # of Units: 17
3 Bedroom Month Rent Per Unit: 588

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Lease Information

Was Leased: No

Location & Property Info

List Price/SqFt: 21.15
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.5

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: Reposition needed to realize a 12%+ Cap Rate! 76% occupied. Well maintained and improved brick 50 unit complex with 33 two-bedroom units & 17 three-bedroom units. Built in 1971, property provides 8 apartment buildings & 1 community building with leasing offices, group meeting rm, maintenance rm & laundry rm. Average Rents = $542 (2 BR's ave $524/mo & 3 BR's ave $588/mo). Out of state owners selling Ohio investments. Could be coupled with 28 unit complex 3 mi away. Motivated!

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes

Heat Fuel

Gas: Yes

Services Available

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Storm Sewer: Yes
Water Available: Yes

Miscellaneous

Building Plans: Yes
Security System: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Heating

Forced Air: Yes

New Financing

Conventional: Yes

Air Conditioning

Central Air: Yes

Owner Pays

Sewer: Yes
Trash: Yes
Water: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Sewer; Trash; Water Tenant Pays: Electricity; Gas Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Building Plans; Security System New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Howard Hanna Real Estate Svcs

Listing Agent: Douglas T Tenenbaum

Last Updated: November - 15 - 2024

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