1303-1307 King Avenue, Columbus, OH 43212

$2,500,000
Property Type: Multi-Family Lot Size (sq. ft.): 22,651 Status: Closed
Current Price: $2,500,000 List Date: 5/13/2021 Last Modified: 2/13/2025

Overview

Description

Great income generating investment property in the Grandview area between 5th St. and King Ave. just west of Northwest Blvd. PRIME LOCATION. 20 2 bedroom 1 bath flats in 3 buildings. The average rent is $915.50 and the total income per month is currently $18310. 4 units have brand new kitchens and baths and rent for $1185/month. The photos are of the remodeled unit. All units have washer/dryer closets and central air conditioning. Tenants pay gas, electric and water. Water is separately metered for each unit. Currently 100% occupied. Easy to rent in a high demand area. Agent has interest in property.

Listing Details MLS# 221015728

Location Property Info

Original List Price
2500000
Property Sub Type
Flat
Street #
1303-1307
Street Name
King
Street Suffix
Avenue
County
Franklin
State
OH
Zip Code
43212
School District
COLUMBUS CSD 2503 FRA CO.
Township
None

OfficeContract Info

MLS Entry Date
2021-05-12

General Property Info

Number of Units
20
# of Buildings
3
Total Parking
22
Building Sqft
17748
Year Built
1960
Built Prior to 1978
Yes
Occupancy Rate
100
Acreage
0.52

Tax Info

Parcel #
010-061740
Tax Year
2020
Tax Abatement
No
Taxes (Yrly)
26229
Tax Incentive
No

Status Change Info

Under Contract Date
2021-05-14
Sold Date
2021-06-30
Sold Price/SqFt
140.86

2 Bedroom

2 Bedroom # of Units
20
2 Bedroom Month Rent Per Unit
915

More Information

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
140.86
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
No

Remarks & Misc

Property Description
Great income generating investment property in the Grandview area between 5th St. and King Ave. just west of Northwest Blvd. PRIME LOCATION. 20 2 bedroom 1 bath flats in 3 buildings. The average rent is $915.50 and the total income per month is currently $18310. 4 units have brand new kitchens and baths and rent for $1185/month. The photos are of the remodeled unit. All units have washer/dryer closets and central air conditioning. Tenants pay gas, electric and water. Water is separately metered for each unit. Currently 100% occupied. Easy to rent in a high demand area. Agent has interest in property.

Income/Expenses

Gross Income
18310
Net Operating Income
0
Total Expenses
0

Addl Acceptance Cond

None Known
Yes

Construction

Brick
Yes

Heat Fuel

Gas
Yes

Parking Features

Common
Yes

Services Available

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Storm Sewer
Yes

Miscellaneous

W/D Hookups
Yes

Tenant Pays

Gas
Yes
Sewer
Yes
Water
Yes
Electricity
Yes

Alternate Uses

Residential
Yes

Heating

Forced Air
Yes

New Financing

Conventional
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: Common Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer Miscellaneous: W/D Hookups Alternate Uses: Residential New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: Columbus Realty Source, LLC
Listing Agent: Daniel J Rubin
Last Updated: February - 13 - 2025
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