1245 Crestwood Avenue, Columbus, OH 43227
$1,600,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
10,454
Status:
Closed
Current Price:
$1,600,000
List Date:
3/15/2017
Last Modified:
1/19/2025
Description
Scottwood Apartment Complex includes 36 Brick Townhouse apartments. A fully leased, turnkey property with strong management in place. Recent Updates include New Roof, Windows, and numerous other significant renovations to electric boxes, kitchens and bathes, flooring, and HVAC systems. Excellent curb appeal and 22,000 drive by traffic count for quick rental. 7.5% CAP rate.
Supplements: ********
More Information MLS# 217003935
Location & Property Info
List Price/SqFt: 120.71
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 14000
Number of Units: 36
Year Built: 1961
Acreage: 0.24
Tax Info
Addl Parcel Numbers: 010-129458-00, 010-129459-00, 010-129460-00, 010-129460-00, 010-129461-00, 010-129462-00, 010-129463-00, 010-129464-00
Taxes (Yrly): 48000
Parcel #: 010-129458
Tax Year: 2016
Remarks & Misc
Property Description: Scottwood Apartment Complex includes 36 Brick Townhouse apartments. A fully leased, turnkey property with strong management in place. Recent Updates include New Roof, Windows, and numerous other significant renovations to electric boxes, kitchens and bathes, flooring, and HVAC systems. Excellent curb appeal and 22,000 drive by traffic count for quick rental. 7.5% CAP rate.
Status Change Info
Sold Price/SqFt: 114.29
Under Contract Date: 2017-03-31
Sold Date: 2017-05-24
Sold Price: $1,600,000
Income/Expenses
Gross Income: 241553
Net Operating Income: 118000
Total Expenses: 123000
Addl Acceptance Cond
None Known: 1
Financials
Financials ForYearOf: 2016
2 Bedroom
2 Bedroom # of Units: 36
2 Bedroom Month Rent Per Unit: 625
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1690000
Sold Price: $1,600,000
Property Sub Type: Townhouse
Street #: 1245
Street Name: Crestwood
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43227
Subdiv/Cmplx/Comm: Scottwood Apartment Complex
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2017-02-12
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
SVN Wilson Commercial
Listing Agent:
Kristen H Asman
Last Updated: January - 19 - 2025
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