1871 N 4th Street, Columbus, OH 43201

$1,550,000
Property Type: Multi-Family Lot Size (sq. ft.): 6,970 Status: Closed
Current Price: $1,550,000 List Date: 2/10/2023 Last Modified: 2/26/2025

Overview

Description

This OSU off-campus student housing property offers 10 units/30 beds with an outstanding mix of two-, three- and four-bedroom flats. The two-story building was constructed in 1973 on two parcels, located on the corner of N. Fourth St. & E. 17th Avenue. In 2014 the property received many updates including new kitchens with stainless steel appliances, renovated bathrooms, new flooring throughout, new light fixtures and new hot water tanks and furnaces. Exterior improvements include new vinyl windows, new modern metal stairs, railings, wood decking and updated landscaping. Amenities include in-unit laundry, central A/C, plus 8 covered and 8 off-street parking spots. Tenants pay electric and gas directly and reimburse landlord for water.

Listing Details MLS# 222042300

Location Property Info

Original List Price
1600000
Property Sub Type
Flat
Street #
1871
Street PreDirection
N
Street Name
4th
Street Suffix
Street
County
Franklin
State
OH
Zip Code
43201
School District
COLUMBUS CSD 2503 FRA CO.
Township
None

OfficeContract Info

MLS Entry Date
2022-11-14

General Property Info

Number of Units
10
Building Sqft
10128
Year Built
1973
Built Prior to 1978
Yes
Acreage
0.16
Use Code
401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #
010-033345
Mult Parcels/Sch Dis
Yes
Addl Parcel Numbers
010-055225-00
Tax Year
2021
Tax Abatement
No
Taxes (Yrly)
19623

Status Change Info

Under Contract Date
2023-03-08
Sold Date
2023-03-14
Sold Price/SqFt
153.04

2 Bedroom

2 Bedroom # of Units
4

More Information

3 Bedroom

3 Bedroom # of Units
2

Other

Other # of Units
4

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
157.98
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

Active on MLS
2022-11-21
For Sale
Yes
Exchange
No

Remarks & Misc

Property Description
This OSU off-campus student housing property offers 10 units/30 beds with an outstanding mix of two-, three- and four-bedroom flats. The two-story building was constructed in 1973 on two parcels, located on the corner of N. Fourth St. & E. 17th Avenue. In 2014 the property received many updates including new kitchens with stainless steel appliances, renovated bathrooms, new flooring throughout, new light fixtures and new hot water tanks and furnaces. Exterior improvements include new vinyl windows, new modern metal stairs, railings, wood decking and updated landscaping. Amenities include in-unit laundry, central A/C, plus 8 covered and 8 off-street parking spots. Tenants pay electric and gas directly and reimburse landlord for water.

Income/Expenses

Gross Income
162440
Net Operating Income
104288
Total Expenses
58152

Addl Acceptance Cond

None Known
Yes

Construction

Frame
Yes
Stucco
Yes

Heat Fuel

Gas
Yes

Sewer

Public Sewer
Yes

Services Available

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Storm Sewer
Yes
Water Available
Yes

Miscellaneous

Carports
Yes
W/D Hookups
Yes

Tenant Pays

Gas
Yes
Sewer
Yes
Water
Yes
Electricity
Yes

Heating

Forced Air
Yes

Air Conditioning

Central Air
Yes

Owner Pays

Trash
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Frame; Stucco Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Carports; W/D Hookups MLS Primary PhotoSrc: Realtor Provided
Listing Office: Brown Multifamily Advisors,LLC
Listing Agent: Matthew R Brown
Last Updated: February - 26 - 2025
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