1898 Baldwin Road, Reynoldsburg, OH 43068
$2,605,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
19,166
Status:
Closed
Current Price:
$2,605,000
List Date:
9/04/2024
Last Modified:
3/05/2025
Overview
Description
PLEASE READ THE LATEST LOAN DETAILS FROM THE MARKETING BROCHURE. Opportunity to own a cash flowing stable investment of this 24 units apartment in Reynoldsburg. The property consists of 6 buildings with a unit mix of one 3 beds 1.5 baths and 23 units of 2 beds 1.5baths. The property went through a stabilized process to have a good management team, good tenants, separate water readings, all rent ready conditions and increased tenant satisfaction with a camera system for common areas, maintained cleanliness and on time landscaping. Assumable Loan at 3.78% interest. Current Property Management willing to stay. Perfect Candidate for 1031 Exchange. 100% Leased. No Showings allowed.
Listing Details MLS# 224010925
Location Property Info
- Original List Price
- 3000000
- Property Sub Type
- Midrise
- Street #
- 1898
- Street Name
- Baldwin
- Street Suffix
- Road
- County
- Franklin
- State
- OH
- Zip Code
- 43068
- Subdiv/Cmplx/Comm
- BLACKLICK HGHTS 2
- School District
- REYNOLDSBURG CSD 2509 FRA CO.
- Township
- Truro
OfficeContract Info
- MLS Entry Date
- 2024-04-12
General Property Info
- Number of Units
- 24
- Building Sqft
- 20800
- Year Built
- 1967
- Built Prior to 1978
- Yes
- Acreage
- 0.44
- Use Code
- 402 - APARTMENT:20-39 UNITS
Tax Info
- Parcel #
- 060-004514
- Tax Year
- 2023
- Tax Abatement
- No
- Taxes (Yrly)
- 23556
Status Change Info
- Under Contract Date
- 2024-10-03
- Sold Date
- 2025-01-09
- Sold Price/SqFt
- 125.24
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 129.81
- City (Mailing Addr)
- Reynoldsburg
- Corp LimitPerAuditor
- Reynoldsburg
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- PLEASE READ THE LATEST LOAN DETAILS FROM THE MARKETING BROCHURE. Opportunity to own a cash flowing stable investment of this 24 units apartment in Reynoldsburg. The property consists of 6 buildings with a unit mix of one 3 beds 1.5 baths and 23 units of 2 beds 1.5baths. The property went through a stabilized process to have a good management team, good tenants, separate water readings, all rent ready conditions and increased tenant satisfaction with a camera system for common areas, maintained cleanliness and on time landscaping. Assumable Loan at 3.78% interest. Current Property Management willing to stay. Perfect Candidate for 1031 Exchange. 100% Leased. No Showings allowed.
Income/Expenses
- Gross Income
- 301812
- Net Operating Income
- 215156
- Total Expenses
- 86656
Addl Acceptance Cond
- None Known
- Yes
Heat Fuel
- Gas
- Yes
Sewer
- Public Sewer
- Yes
Heating
- Forced Air
- Yes
New Financing
- Assumable
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air
Sewer:
Public Sewer
New Financing:
Assumable
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Keller Williams Greater Cols
Listing Agent:
Tracy T Keffer
Last Updated: March - 05 - 2025
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