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
Overview
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.
Listing Details MLS# 222008169
Location Property Info
- Original List Price
- 1200000
- 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
- MLS Entry Date
- 2022-03-21
General Property Info
- Number of Units
- 4
- # of Buildings
- Yes
- Total Parking
- 4
- Building Sqft
- 7008
- Year Built
- 1951
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Acreage
- 0.33
Tax Info
- Parcel #
- 070-003452
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 14912
Status Change Info
- Under Contract Date
- 2022-04-22
- Sold Date
- 2022-04-29
- Sold Price/SqFt
- 156.96
2 Bedroom
- 2 Bedroom # of Units
- 2
More Information
3 Bedroom
- 3 Bedroom # of Units
- 2
Auction Info
- Auction/Online Bidding Y/N
- No
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
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.
Income/Expenses
- Gross Income
- 79200
- Net Operating Income
- 59964
- Total Expenses
- 1203
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Electric
- Yes
Sewer
- Public Sewer
- Yes
Miscellaneous
- Basement
- Yes
- Carports
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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