1557 Crystal Court, Newark, OH 43055
$1,620,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
55,757
Status:
Closed
Current Price:
$1,620,000
List Date:
12/16/2020
Last Modified:
2/10/2025
Overview
Description
1557 - 1567 Crystal Ct. is a brick 6 building, 24-unit apartment community. The property has been maintained well and is in very good condition. The community is 100% occupied. The individual units are one-bedroom, 2 story townhouses. All units include a range, refrigerator and washer and dryer. 12 units have single entrance, 2-car garages.
The community is set on a beautiful 1.28 acre site with professional landscaping and a park like setting.
Listing Details MLS# 220039782
Location Property Info
- Original List Price
- 1695000
- Property Sub Type
- Townhouse
- Street #
- 1557
- Street Name
- Crystal
- Street Suffix
- Court
- County
- Licking
- State
- OH
- Zip Code
- 43055
- Subdiv/Cmplx/Comm
- Waterford Arms II
- School District
- NEWARK CSD 4507 LIC CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2020-11-10
General Property Info
- Number of Units
- 24
- # of Buildings
- 6
- Building Sqft
- 17028
- Year Built
- 1995
- Built Prior to 1978
- No
- Occupancy Rate
- 100
- Acreage
- 1.28
Tax Info
- Parcel #
- 054-233334-00.002
- Tax Year
- 2019
- Tax Abatement
- No
- Taxes (Yrly)
- 19022
- Tax Incentive
- No
Status Change Info
- Under Contract Date
- 2021-02-05
- Sold Date
- 2021-02-26
- Sold Price/SqFt
- 95.14
1 Bedroom
- 1 Bedroom # of Units
- 24
- 1 Bedroom Month Rent Per Unit
- 630
More Information
Financials
- Gross Rental Income
- 176280
- Effective Income
- 167466
- Vac & Cr Loss
- 8814
Expenses
- R.E. Taxes
- 18938
- Property Insurance
- 3400
- Repairs&Maintenance
- 15025
- Property Management
- 10048
- Water Expense
- 1244
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 99.54
- City (Mailing Addr)
- Newark
- Corp LimitPerAuditor
- Newark
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- 1557 - 1567 Crystal Ct. is a brick 6 building, 24-unit apartment community. The property has been maintained well and is in very good condition. The community is 100% occupied. The individual units are one-bedroom, 2 story townhouses. All units include a range, refrigerator and washer and dryer. 12 units have single entrance, 2-car garages. The community is set on a beautiful 1.28 acre site with professional landscaping and a park like setting.
Income/Expenses
- Gross Income
- 176280
- Net Operating Income
- 118811
- Total Expenses
- 48655
Addl Acceptance Cond
- None Known
- Yes
Construction
- Frame
- Yes
- Brick
- Yes
Parking Features
- 2 Car Garage
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Garages
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Other
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
2 Car Garage
Tenant Pays:
Electricity; Gas; Sewer; Water
Heating:
Forced Air
Air Conditioning:
Other
Construction:
Brick; Frame
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous:
Garages
New Financing:
Conventional
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
The Hessenauer Corporation
Listing Agent:
Michael Hessenauer
Last Updated: February - 10 - 2025
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