908 N Meadows Court, Columbus, OH 43229 (MLS# 216013083)

908 N Meadows Court, Columbus, OH 43229

$1,252,456

Property Type: Multi-Family Lot Size (sq. ft.): 73,181 Status: Closed

Current Price: $1,252,456 List Date: 4/21/2016 Last Modified: 1/14/2025

Overview

Description

Portfolio of 40 two-bedroom townhouse apartments with basements available for sale in North Columbus. These apartments are fully rented with a waiting list, with one unit being used as a rental office. Income numbers provided are based off of owner's 2015 tax return, not proforma, showing a 10.10% cap rate. Additional income could be added by leasing out the unit used as the rental office. This portfolio is comprised of four 4 family buildings and two 12-family buildings on a total of 4 parcels, Curb Offers only.

Listing Details MLS# 216013083

Location Property Info

Original List Price: 1300000
Property Sub Type: Townhouse
Street #: 908
Street PreDirection: N
Street Name: Meadows
Street Suffix: Court
County: Franklin
State: OH
Zip Code: 43229
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2016-04-21

General Property Info

Number of Units: 40
# of Buildings: 6
Total Parking: 80
Year Built: 1963
Built Prior to 1978: Yes
Occupancy Rate: 100
Acreage: 1.68

Tax Info

Parcel #: 010-134957
Zoning: ARI
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: Total of 4 parcels - 010-134957 010-134958 010-132283 010-132359
Tax Year: 2015
Taxes (Yrly): 33652.76
Tax Incentive: No

Status Change Info

Under Contract Date: 2016-05-06
Sold Date: 2016-07-11

2 Bedroom

2 Bedroom # of Units: 40
2 Bedroom Month Rent Per Unit: 550

More Information

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.5

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: Portfolio of 40 two-bedroom townhouse apartments with basements available for sale in North Columbus. These apartments are fully rented with a waiting list, with one unit being used as a rental office. Income numbers provided are based off of owner's 2015 tax return, not proforma, showing a 10.10% cap rate. Additional income could be added by leasing out the unit used as the rental office. This portfolio is comprised of four 4 family buildings and two 12-family buildings on a total of 4 parcels, Curb Offers only.

Income/Expenses

Gross Income: 230012
Net Operating Income: 131284
Total Expenses: 98728

Addl Acceptance Cond

None Known: Yes

Construction

Block: Yes
Frame: Yes

Heat Fuel

Gas: Yes

Parking Features

On Street: Yes

Services Available

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

Miscellaneous

Basement: Yes

Tenant Pays

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

Heating

Forced Air: Yes

Air Conditioning

Central Air: Yes

Owner Pays

Trash: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: On Street Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Block; Frame Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Basement MLS Primary PhotoSrc: Realtor Provided

Listing Office: Best Corporate Real Estate

Listing Agent: James M Mangas

Last Updated: January - 14 - 2025

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