8305 Lariat Court, Powell, OH 43065 (MLS# 222039957)

8305 Lariat Court, Powell, OH 43065

$950,000

Property Type: Multi-Family Lot Size (sq. ft.): 19,602 Status: Closed

Current Price: $950,000 List Date: 10/26/2022 Last Modified: 2/26/2025

Overview

Description

Offered today is a package of 6 well cared for and fully occupied rental units in the Powell / Smokey row area of Columbus Ohio. These townhomes have full basements, off street parking, fenced concrete patios, and central air. Tenants pay all utilities including water. All utilities are individually metered. The current owner has been paying professional contractors top dollar to maintain and update the property. An experienced landlord has the opportunity to drastically improve cash flow with better managed maintenance costs and by raising the rents to market levels.

Listing Details MLS# 222039957

Location Property Info

Original List Price: 1300000
Property Sub Type: Townhouse
Street #: 8305
Street Name: Lariat
Street Suffix: Court
County: Franklin
State: OH
Zip Code: 43065
School District: WORTHINGTON CSD 2516 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2022-10-26

General Property Info

Number of Units: 6
# of Buildings: Yes
Building Sqft: 7200
Year Built: 1984
Built Prior to 1978: No
Occupancy Rate: 100
Acreage: 0.45
Use Code: 551 - OTHER RESIDENTIAL

Tax Info

Parcel #: 610-186963
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 610-186964-00 610-186965-00 610-186966-00 610-186967-00 610-186968-00
Tax Year: 2021
Tax Abatement: No
Taxes (Yrly): 1884

Status Change Info

Under Contract Date: 2022-12-30
Sold Date: 2023-01-12
Sold Price/SqFt: 131.94

2 Bedroom

2 Bedroom # of Units: 4

More Information

3 Bedroom

3 Bedroom # of Units: 2

Financials

Financials ForYearOf: 2021

Expenses

R.E. Taxes: 10734

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Location & Property Info

List Price/SqFt: 166.67
City (Mailing Addr): Powell
Corp LimitPerAuditor: Columbus

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: Offered today is a package of 6 well cared for and fully occupied rental units in the Powell / Smokey row area of Columbus Ohio. These townhomes have full basements, off street parking, fenced concrete patios, and central air. Tenants pay all utilities including water. All utilities are individually metered. The current owner has been paying professional contractors top dollar to maintain and update the property. An experienced landlord has the opportunity to drastically improve cash flow with better managed maintenance costs and by raising the rents to market levels.

Income/Expenses

Gross Income: 72140
Net Operating Income: 52645
Total Expenses: 19495

Addl Acceptance Cond

None Known: Yes

Construction

Frame: Yes

Sewer

Public Sewer: Yes

Miscellaneous

Basement: Yes

Tenant Pays

Gas: Yes
Sewer: Yes
Water: Yes
Electricity: Yes

Heating

Forced Air: Yes

Air Conditioning

Central Air: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Tenant Pays: Electricity; Gas; Sewer; Water Heating: Forced Air Air Conditioning: Central Air Construction: Frame Sewer: Public Sewer Miscellaneous: Basement MLS Primary PhotoSrc: Realtor Provided

Listing Office: B.O.S.S. Realty Group

Listing Agent: Matthew R Chess

Last Updated: February - 26 - 2025

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