1656 E Livingston Avenue, Columbus, OH 43205
$1,577,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$1,577,000
List Date:
10/31/2024
Last Modified:
1/10/2025
Description
Livingston Flats - 11-unit MFH investment opportunity on the Near East Side of Columbus. 15-YEAR 100% TAX ABATEMENT (currently $7194.50/year). The building was renovated to the studs in 2021 (all new MEPS, roof, windows, etc), offering a turnkey investment opportunity. Unit mix - one 2BD/2BA, six 2BD/1BA, and four 1BD/1BA. Washer/dryer hook-up in unit & shared laundry room on-site. Resurfaced parking lot offers dedicated tenant parking. The building is fully leased, with in-place rent averaging ~$1115/month. Great proximity to Nationwide Children's Hospital, Capital University, Bexley, Olde Towne East, and downtown Columbus.
Supplements: ********
More Information MLS# 224038812
Location & Property Info
List Price/SqFt: 207.87
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 90
Built Prior to 1978: Yes
Building Sqft: 8058
Number of Units: 11
Year Built: 1958
Acreage: 0.23
Tax Info
Tax Abatement: Yes
Abatement End Date: 2037-12-31
Taxes (Yrly): 7195
Tax Incentive: No
Parcel #: 010-033385
Tax Year: 2023
Remarks & Misc
Property Description: Livingston Flats - 11-unit MFH investment opportunity on the Near East Side of Columbus. 15-YEAR 100% TAX ABATEMENT (currently $7194.50/year). The building was renovated to the studs in 2021 (all new MEPS, roof, windows, etc), offering a turnkey investment opportunity. Unit mix - one 2BD/2BA, six 2BD/1BA, and four 1BD/1BA. Washer/dryer hook-up in unit & shared laundry room on-site. Resurfaced parking lot offers dedicated tenant parking. The building is fully leased, with in-place rent averaging ~$1115/month. Great proximity to Nationwide Children's Hospital, Capital University, Bexley, Olde Towne East, and downtown Columbus.
Status Change Info
Sold Price/SqFt: 195.71
Under Contract Date: 2025-01-03
Sold Date: 2025-01-10
Sold Price: $1,577,000
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
1 Bedroom
1 Bedroom # of Units: 4
1 Bedroom Month Rent Per Unit: 1009
2 Bedroom
2 Bedroom # of Units: 7
2 Bedroom Month Rent Per Unit: 1170
Construction
Brick: 1
Heat Fuel
Electric: 1
Parking Features
On Street: 1
Assigned: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Tenant Pays
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
Central Air: 1
Owner Pays
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1750000
Sold Price: $1,577,000
Property Sub Type: Flat
Street #: 1656
Street PreDirection: E
Street Name: Livingston
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43205
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2024-10-30
Property Features
Addl Acceptance Cond: None Known
Parking Features: On Street; Assigned
Owner Pays: Sewer; Trash; Water
Tenant Pays: Electricity
Heat Fuel: Electric
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Sewer: Public Sewer
Services Available: Electricity Available; Sewer Available; Storm Sewer; Water Available
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Lim Realty Group
Listing Agent: Jonathan Lorenz
Last Updated: January - 10 - 2025
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