1518 Waltham Road, Upper Arlington, OH 43221
$1,100,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
14,375
Status:
Closed
Current Price:
$1,100,000
List Date:
3/21/2022
Last Modified:
2/22/2025
Description
Stunning, lucrative, multifamily located South of Lane in the highly sought out area of Upper Arlington. 4 townhomes which most have been fully renovated. Each unit comes with its own assigned carport. Property is managed extremely well with high quality tenants and has the highest rents on the block. These units are extremely sought after and never last more than a few hours on the rental market. Newer roof, newer gutters, newer windows, electrical, AC, furnaces, kitchens, plumbing, bathrooms, and extensive carport maintenance has been done. This property runs on its own and has great cash flow, producing an attractive cap rate. Tenants pay for all utilities. Perfect for condo conversion. Agent owned. CURBSIDE OFFERS ONLY.
Supplements: ********
More Information MLS# 222008169
Location & Property Info
List Price/SqFt: 171.23
City (Mailing Addr): Upper Arlington
Corp LimitPerAuditor: Upper Arlington
Office/Contract Info
For Sale: Yes
Exchange: Yes
General Property Info
# of Buildings: 1
Occupancy Rate: 100
Built Prior to 1978: Yes
Total Parking: 4
Building Sqft: 7008
Number of Units: 4
Year Built: 1951
Acreage: 0.33
Tax Info
Tax Abatement: No
Taxes (Yrly): 14912
Parcel #: 070-003452
Tax Year: 2021
Remarks & Misc
Property Description: Stunning, lucrative, multifamily located South of Lane in the highly sought out area of Upper Arlington. 4 townhomes which most have been fully renovated. Each unit comes with its own assigned carport. Property is managed extremely well with high quality tenants and has the highest rents on the block. These units are extremely sought after and never last more than a few hours on the rental market. Newer roof, newer gutters, newer windows, electrical, AC, furnaces, kitchens, plumbing, bathrooms, and extensive carport maintenance has been done. This property runs on its own and has great cash flow, producing an attractive cap rate. Tenants pay for all utilities. Perfect for condo conversion. Agent owned. CURBSIDE OFFERS ONLY.
Status Change Info
Sold Price/SqFt: 156.96
Under Contract Date: 2022-04-22
Sold Date: 2022-04-29
Sold Price: $1,100,000
Income/Expenses
Gross Income: 79200
Net Operating Income: 59964
Total Expenses: 1203
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 2
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 2
Heat Fuel
Electric: 1
Sewer
Public Sewer: 1
Miscellaneous
Basement: 1
Carports: 1
W/D Hookups: 1
Tenant Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Conventional: 1
Air Conditioning
Central Air: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1200000
Sold Price: $1,100,000
Property Sub Type: Townhouse
Street #: 1518
Street Name: Waltham
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43221
School District: UPPER ARLINGTON CSD 2512 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2022-03-21
Property Features
Addl Acceptance Cond: None Known
Tenant Pays: Electricity; Gas; Sewer; Trash Collection; Water
Heat Fuel: Electric
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Sewer: Public Sewer
Miscellaneous: Basement; Carports; W/D Hookups
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
OwnerLand Realty, Inc.
Listing Agent:
Francis Beracha
Last Updated: February - 22 - 2025
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