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
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.
Supplements: ********
More Information MLS# 222005541
Location & Property Info
List Price/SqFt: 256.15
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: Yes
General Property Info
Built Prior to 1978: Yes
Building Sqft: 7808
Number of Units: 20
Year Built: 1959
Acreage: 0.23
Tax Info
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-016312-00
Tax Abatement: No
Taxes (Yrly): 7608
Parcel #: 010-019079
Tax Year: 2021
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.
Status Change Info
Sold Price/SqFt: 261.27
Under Contract Date: 2022-03-02
Sold Date: 2022-05-13
Sold Price: $2,040,000
Income/Expenses
Gross Income: 179075
Net Operating Income: 60101.54
Total Expenses: 118973
Addl Acceptance Cond
None Known: 1
1 Bedroom
1 Bedroom # of Units: 12
2 Bedroom
2 Bedroom # of Units: 8
Tenant Pays
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Owner Pays
Sewer: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 2000000
Sold Price: $2,040,000
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
Status: Closed
MLS Entry Date: 2022-02-28
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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