1296 Parsons Avenue, Columbus, OH 43206
$1,850,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$1,850,000
List Date:
11/30/2022
Last Modified:
2/26/2025
Overview
Description
Fully renovated 2022. 10 Units. Each unit is ~1,000SF with 2 bedroom 1.5 bath, laundry hookups, Ecobee thermostats, heat pump HVAC, front and rear private porches. Condo conversion complete and condo association setup. Not operating as condo currently. New water service, mechanicals, electric, plumbing, roofing, windows, removed walls to create open floor plans. Tax abated 15 years 100% with no affordability requirements. Current owner paid affordability waiver. In Ohio Opportunity Zone and eligible for 10% investment tax credit! Secure access controlled parking lot with 10 spaces. 6 units currently operated as short term rentals, 2 units leased, and 2 units just finished renovations and available to lease. Minutes to Downtown, German Village, Grocery, Library, and more.
Listing Details MLS# 222043202
Location Property Info
- Original List Price
- 2500000
- Property Sub Type
- Townhouse
- Street #
- 1296
- Street Name
- Parsons
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43206
- Subdiv/Cmplx/Comm
- TwoXFive Townhomes by Kreais Companies
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2022-11-30
General Property Info
- Number of Units
- 10
- # of Buildings
- 2
- Total Parking
- 10
- Building Sqft
- 13932
- Year Built
- 1910
- Built Prior to 1978
- Yes
- Occupancy Rate
- 80
- Lot Size (Side)
- 140
- Acreage
- 0.3
- Use Code
- 401 - APARTMENT:4-19 UNITS
Tax Info
- Parcel #
- 010-029986
- Zoning
- R2F
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 010-303625-00, 010-303626-00, 010-303627-00, 010-303628-00, 010-303629-00, 010-303630-00, 010-303631-00, 010-303632-00, 010-303633-00, 010-303634-00
- Tax Year
- 2021
- Tax Abatement
- Yes
- Abatement End Date
- 2037-01-01
- Taxes (Yrly)
- 13154
- Tax Incentive
- Yes
Status Change Info
- Under Contract Date
- 2023-03-28
- Sold Date
- 2023-06-26
- Sold Price/SqFt
- 132.79
2 Bedroom
- 2 Bedroom # of Units
- 10
- 2 Bedroom Month Rent Per Unit
- 1750
More Information
Financials
- Financials ForYearOf
- 2022
- Gross Rental Income
- 198000
- Effective Income
- 208000
- Other Income
- 10000
- Vac & Cr Loss
- 9900
Expenses
- R.E. Taxes
- 13154
- Property Insurance
- 9001
- Off-Site Management
- 12480
- Repairs&Maintenance
- 10000
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 179.44
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Fully renovated 2022. 10 Units. Each unit is ~1,000SF with 2 bedroom 1.5 bath, laundry hookups, Ecobee thermostats, heat pump HVAC, front and rear private porches. Condo conversion complete and condo association setup. Not operating as condo currently. New water service, mechanicals, electric, plumbing, roofing, windows, removed walls to create open floor plans. Tax abated 15 years 100% with no affordability requirements. Current owner paid affordability waiver. In Ohio Opportunity Zone and eligible for 10% investment tax credit! Secure access controlled parking lot with 10 spaces. 6 units currently operated as short term rentals, 2 units leased, and 2 units just finished renovations and available to lease. Minutes to Downtown, German Village, Grocery, Library, and more.
Income/Expenses
- Gross Income
- 208000
- Net Operating Income
- 160865
- Total Expenses
- 47135
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Electric
- Yes
Parking Features
- Assigned
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- Building Plans
- Yes
- Public Transport
- Yes
- Security System
- Yes
- Survey
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Alternate Uses
- Bed & Breakfast
- Yes
- Commercial
- Yes
- Residential
- Yes
Heating
- Forced Air
- Yes
- Heat Pump
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
Assigned
Tenant Pays:
Electricity; Sewer; Water
Heat Fuel:
Electric
Heating:
Forced Air; Heat Pump
Air Conditioning:
Central Air
Construction:
Brick
Sewer:
Public Sewer
Services Available:
Electricity Available; Sewer Available; Water Available
Miscellaneous:
Basement; Building Plans; Public Transport; Security System; Survey; W/D Hookups
Alternate Uses:
Bed & Breakfast; Commercial; Residential
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Documents
Proforma ›
Listing Office:
Keller Williams Consultants
Listing Agent:
Joshua Kreais
Last Updated: February - 26 - 2025
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