1662 Summit Street, Columbus, OH 43201
$1,325,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
11,761
Status:
Closed
Current Price:
$1,325,000
List Date:
6/15/2017
Last Modified:
1/21/2025
Overview
Description
OSU off-campus student housing investment, containing 12 - 2 BD / 1 BA units (24 total beds). Units are renovated with large updated kitchens in 2016, spacious bedrooms, large closets, central A/C, laundry room and electronic locks. The units are 100% pre-leased for 2017-18 academic year gross rent per month is $13,200. Owner pays all utilities. Can be purchased individually or part of a 6 property off-campus portfolio that includes 307 E. 15th, 299 E. 15th and 1608 Summit.
Listing Details MLS# 217020800
Location Property Info
- Original List Price
- 1355000
- Property Sub Type
- Flat
- Street #
- 1662
- Street Name
- Summit
- Street Suffix
- Street
- County
- Franklin
- State
- OH
- Zip Code
- 43201
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- None
OfficeContract Info
- MLS Entry Date
- 2017-06-14
General Property Info
- Number of Units
- 12
- Building Sqft
- 10752
- Year Built
- 1966
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Acreage
- 0.27
Tax Info
- Parcel #
- 010-006183
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2016
- Tax Abatement
- No
- Taxes (Yrly)
- 19890
Status Change Info
- Under Contract Date
- 2017-07-06
- Sold Date
- 2017-09-27
- Sold Price/SqFt
- 123.23
2 Bedroom
- 2 Bedroom # of Units
- 12
- 2 Bedroom Month Rent Per Unit
- 1093
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 126.02
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- OSU off-campus student housing investment, containing 12 - 2 BD / 1 BA units (24 total beds). Units are renovated with large updated kitchens in 2016, spacious bedrooms, large closets, central A/C, laundry room and electronic locks. The units are 100% pre-leased for 2017-18 academic year gross rent per month is $13,200. Owner pays all utilities. Can be purchased individually or part of a 6 property off-campus portfolio that includes 307 E. 15th, 299 E. 15th and 1608 Summit.
Income/Expenses
- Gross Income
- 157440
- Net Operating Income
- 94558
- Total Expenses
- 62882
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- Assigned
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- W/D Hookups
- Yes
Heating
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
Assigned
Owner Pays:
Electric; Gas; Sewer; Trash; Water
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air
Construction:
Brick
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous:
Basement; W/D Hookups
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Brown Multifamily Advisors,LLC
Listing Agent:
Matthew R Brown
Last Updated: January - 21 - 2025
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