1309 Fair Avenue, Columbus, OH 43205
$2,040,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$2,040,000
List Date:
2/28/2022
Last Modified:
2/21/2025
Overview
Description
20 unit multifamily opportunity in rapidly developing Franklin Park next to Old Towne East! Between both buildings consisting of 8 large 2 bedroom/1 bath units, and 12- 1 bedroom/1 bath units. Rents are 20% below market rate. Property has many updates including stainless appliance packages and granite counters with updated restrooms and common areas. Property management can remain in place for 6%. Common area washer/dryers on each floor. Curb offers only, please do not disturb residents.
Listing Details MLS# 222005541
Location Property Info
- Original List Price
- 2000000
- Property Sub Type
- Midrise
- Street #
- 1309
- Street Name
- Fair
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43205
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2022-02-28
General Property Info
- Number of Units
- 20
- Building Sqft
- 7808
- Year Built
- 1959
- Built Prior to 1978
- Yes
- Acreage
- 0.23
Tax Info
- Parcel #
- 010-019079
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 010-016312-00
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 7608
Status Change Info
- Under Contract Date
- 2022-03-02
- Sold Date
- 2022-05-13
- Sold Price/SqFt
- 261.27
1 Bedroom
- 1 Bedroom # of Units
- 12
More Information
2 Bedroom
- 2 Bedroom # of Units
- 8
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 256.15
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- Yes
Remarks & Misc
- Property Description
- 20 unit multifamily opportunity in rapidly developing Franklin Park next to Old Towne East! Between both buildings consisting of 8 large 2 bedroom/1 bath units, and 12- 1 bedroom/1 bath units. Rents are 20% below market rate. Property has many updates including stainless appliance packages and granite counters with updated restrooms and common areas. Property management can remain in place for 6%. Common area washer/dryers on each floor. Curb offers only, please do not disturb residents.
Income/Expenses
- Gross Income
- 179075
- Net Operating Income
- 60101.54
- Total Expenses
- 118973
Addl Acceptance Cond
- None Known
- Yes
Tenant Pays
- Electricity
- Yes
Owner Pays
- Sewer
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Owner Pays:
Sewer; Water
Tenant Pays:
Electricity
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Smart Move, Realtors
Listing Agent:
Jeffrey Sheu
Last Updated: February - 21 - 2025
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