150 E 13th Avenue, Columbus, OH 43201

$1,720,000
Property Type: Multi-Family Lot Size (sq. ft.): 7,405 Status: Closed
Current Price: $1,720,000 List Date: 1/21/2020 Last Modified: 2/05/2025

Description

''The Hub'' consists of 23 - 320 SF studio apartments located a block east of N. High St. in the heart of the OSU off-campus student housing area. T he property has received focused capital expenditures that include new gutter and surface drainage systems on the east side of the building, paint to exterior trim and gutters and all interior hallways and ceilings. Thirteen units have been renovated with new kitchen cabinets, granite counter tops, LVT wood plank flooring throughout and new bathroom vanity and tile tub surround. The property offers a common laundry room with coin-operated machines and four off-street parking spaces. The property is sub-metered for electric and each tenant pays an additional $25/month water fee. The property is currently 100% occupied for the 19-20 school year

Supplements: ********

More Information MLS# 220001816

Location & Property Info

List Price/SqFt: 165.23 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: 10440 Use Code: 402 - APARTMENT:20-39 UNITS Number of Units: 23 Year Built: 1966 Acreage: 0.17

Tax Info

Tax Abatement: No Taxes (Yrly): 21551 Parcel #: 010-006240 Tax Year: 2019

Remarks & Misc

Property Description: ''The Hub'' consists of 23 - 320 SF studio apartments located a block east of N. High St. in the heart of the OSU off-campus student housing area. T he property has received focused capital expenditures that include new gutter and surface drainage systems on the east side of the building, paint to exterior trim and gutters and all interior hallways and ceilings. Thirteen units have been renovated with new kitchen cabinets, granite counter tops, LVT wood plank flooring throughout and new bathroom vanity and tile tub surround. The property offers a common laundry room with coin-operated machines and four off-street parking spaces. The property is sub-metered for electric and each tenant pays an additional $25/month water fee. The property is currently 100% occupied for the 19-20 school year

Status Change Info

Sold Price/SqFt: 164.75 Under Contract Date: 2020-01-27 Sold Date: 2020-03-09 Sold Price: $1,720,000

Income/Expenses

Gross Income: 192870 Net Operating Income: 119453 Total Expenses: 73417

Addl Acceptance Cond

None Known: 1

Efficiency

Efficiency # of Units: 23 Efficiency Month Rent Per Unit: 656

Construction

Frame: 1 Brick: 1

Heat Fuel

Electric: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Storm Sewer: 1 Water Available: 1

Miscellaneous

Basement: 1

Tenant Pays

Sewer: 1 Water: 1 Electricity: 1

Auction Info

Auction/Online Bidding Y/N: No

Heating

Radiant: 1

Air Conditioning

Other: 1

Owner Pays

Gas: 1 Trash: 1

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 1725000 Sold Price: $1,720,000 Property Sub Type: Flat Street #: 150 Street PreDirection: E Street Name: 13th Street Suffix: Avenue County: Franklin State: OH Zip Code: 43201 School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2020-01-19

Property Features

Addl Acceptance Cond: None Known Owner Pays: Gas; Trash Tenant Pays: Electricity; Sewer; Water Heat Fuel: Electric Heating: Radiant Air Conditioning: Other Construction: Brick; Frame Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Basement MLS Primary PhotoSrc: Realtor Provided
Listing Office: Brown Multifamily Advisors,LLC
Listing Agent: Matthew R Brown
Last Updated: February - 05 - 2025
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