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
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.
Supplements: ********
More Information MLS# 217020800
Location & Property Info
List Price/SqFt: 126.02
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 100
Built Prior to 1978: Yes
Building Sqft: 10752
Number of Units: 12
Year Built: 1966
Acreage: 0.27
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 19890
Parcel #: 010-006183
Tax Year: 2016
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.
Status Change Info
Sold Price/SqFt: 123.23
Under Contract Date: 2017-07-06
Sold Date: 2017-09-27
Sold Price: $1,325,000
Income/Expenses
Gross Income: 157440
Net Operating Income: 94558
Total Expenses: 62882
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 12
2 Bedroom Month Rent Per Unit: 1093
Construction
Brick: 1
Heat Fuel
Gas: 1
Parking Features
Assigned: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
Central Air: 1
Owner Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1355000
Sold Price: $1,325,000
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
Status: Closed
MLS Entry Date: 2017-06-14
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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