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
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.
Supplements: ********
More Information MLS# 220039782
Location Property Info
Original List Price: 1695000
Sold Price: $1,620,000
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
Status: Closed
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: $1,620,000
Sold Price/SqFt: 95.14
1 Bedroom
1 Bedroom # of Units: 24
1 Bedroom Month Rent Per Unit: 630
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
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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