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

Overview

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

Listing Details MLS# 220001816

Location Property Info

Original List Price
1725000
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

MLS Entry Date
2020-01-19

General Property Info

Number of Units
23
Building Sqft
10440
Year Built
1966
Built Prior to 1978
Yes
Acreage
0.17
Use Code
402 - APARTMENT:20-39 UNITS

Tax Info

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

Status Change Info

Under Contract Date
2020-01-27
Sold Date
2020-03-09
Sold Price/SqFt
164.75

Efficiency

Efficiency # of Units
23
Efficiency Month Rent Per Unit
656

More Information

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
165.23
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
No

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

Income/Expenses

Gross Income
192870
Net Operating Income
119453
Total Expenses
73417

Addl Acceptance Cond

None Known
Yes

Construction

Frame
Yes
Brick
Yes

Heat Fuel

Electric
Yes

Services Available

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

Miscellaneous

Basement
Yes

Tenant Pays

Sewer
Yes
Water
Yes
Electricity
Yes

Heating

Radiant
Yes

Air Conditioning

Other
Yes

Owner Pays

Gas
Yes
Trash
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

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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