79 E Arcadia Avenue, Columbus, OH 43202 (MLS# 222036139)

79 E Arcadia Avenue, Columbus, OH 43202

$1,400,000

Property Type: Multi-Family Lot Size (sq. ft.): 12,632 Status: Closed

Current Price: $1,400,000 List Date: 9/28/2022 Last Modified: 2/25/2025

Description

The completely renovated property is located just a block from High Street in the desirable south Clintonville area. The all-brick, two-story building contains eight 2BD/1BA townhouse units each with front and rear patios, full basements with washer/dryer hook-ups and ample off-street parking. All but one unit (which is currently being renovated) have received new high-end kitchens and baths with LVT floors. Other recent improvements include new HVACs (all units), roof, iron patio railings, windows, doors and more. Tenants pay all utilities. The property is completely occupied with the exception of the unit being renovated. Rents are $1,200 (4), $1,185 (1), $1,175 (1) and $1,095 (1). The current owner has not pushed rents, therefore an opportunity exists for immediate rental upside.

Supplements: ********

More Information MLS# 222036139

Location & Property Info

List Price/SqFt: 129.2 City (Mailing Addr): Columbus Corp LimitPerAuditor: Columbus

Office/Contract Info

Active on MLS: 2022-09-27 For Sale: Yes Exchange: No

General Property Info

Built Prior to 1978: Yes Building Sqft: 10836 Use Code: 401 - APARTMENT:4-19 UNITS Number of Units: 8 Year Built: 1920 Acreage: 0.29

Tax Info

Mult Parcels/Sch Dis: No Tax Abatement: No Taxes (Yrly): 28996 Parcel #: 010-041402 Tax Year: 2021

Remarks & Misc

Property Description: The completely renovated property is located just a block from High Street in the desirable south Clintonville area. The all-brick, two-story building contains eight 2BD/1BA townhouse units each with front and rear patios, full basements with washer/dryer hook-ups and ample off-street parking. All but one unit (which is currently being renovated) have received new high-end kitchens and baths with LVT floors. Other recent improvements include new HVACs (all units), roof, iron patio railings, windows, doors and more. Tenants pay all utilities. The property is completely occupied with the exception of the unit being renovated. Rents are $1,200 (4), $1,185 (1), $1,175 (1) and $1,095 (1). The current owner has not pushed rents, therefore an opportunity exists for immediate rental upside.

Status Change Info

Sold Price/SqFt: 129.2 Under Contract Date: 2022-10-21 Sold Date: 2022-12-02 Sold Price: $1,400,000

Income/Expenses

Gross Income: 115809 Net Operating Income: 80432 Total Expenses: 35377

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 8 2 Bedroom Month Rent Per Unit: 1200

Construction

Brick: 1

Heat Fuel

Gas: 1

Sewer

Public Sewer: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Miscellaneous

Basement: 1 W/D Hookups: 1

Tenant Pays

Gas: 1 Sewer: 1 Water: 1 Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Heating

Forced Air: 1

Air Conditioning

Central Air: 1

Owner Pays

Trash: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1400000 Sold Price: $1,400,000 Property Sub Type: Townhouse Street #: 79 Street PreDirection: E Street Name: Arcadia Street Suffix: Avenue County: Franklin State: OH Zip Code: 43202 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2022-09-23

Property Features

Addl Acceptance Cond: None Known Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Basement; W/D Hookups MLS Primary PhotoSrc: Realtor Provided

Documents

Lead Based Paint Disclosure ›

Listing Office: Brown Multifamily Advisors,LLC

Listing Agent: Matthew R Brown

Last Updated: February - 25 - 2025

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