201-205 W 1st Avenue, Columbus, OH 43201
$1,120,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$1,120,000
List Date:
6/12/2024
Last Modified:
3/06/2025
Overview
Description
This unique 3-unit property offers an exceptional investment opportunity in one of the most sought-after neighborhoods where multi-family properties are rare to find, in the heart of Victorian Village and the vibrant Short North.
The main house has been completely updated, seamlessly blending modern amenities with
historic charm. The first floor unit features 1 bed, 1 bath, while the second floor unit features 3 beds, 2 baths, and 2 floors of living space. Quartz counters in the kitchens and high grade LVP flooring throughout both units. Brand new 3 car garage with carriage house constructed in 2023, featuring 2 beds, 1 bath, & 1000 sqft. Fully leased through April 2025!
Listing Details MLS# 224019021
Location Property Info
- Original List Price
- 1200000
- Property Sub Type
- Mixed Use
- Street #
- 201-205
- Street PreDirection
- W
- Street Name
- 1st
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43201
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- Franklin
OfficeContract Info
- MLS Entry Date
- 2024-06-09
General Property Info
- Number of Units
- 3
- Total Parking
- 3
- Building Sqft
- 3752
- Year Built
- 1880
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Lot Size (Side)
- 140
- Acreage
- 0.13
Tax Info
- Parcel #
- 010-041504
- Tax Year
- 2023
- Tax Abatement
- No
- Taxes (Yrly)
- 8504
Status Change Info
- Under Contract Date
- 2024-09-22
- Sold Date
- 2024-10-17
- Sold Price/SqFt
- 298.51
1 Bedroom
- 1 Bedroom # of Units
- Yes
- 1 Bedroom Month Rent Per Unit
- 2285
More Information
2 Bedroom
- 2 Bedroom # of Units
- Yes
- 2 Bedroom Month Rent Per Unit
- 2470
3 Bedroom
- 3 Bedroom # of Units
- Yes
- 3 Bedroom Month Rent Per Unit
- 2962
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 306.5
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- Active on MLS
- 2024-06-12
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- This unique 3-unit property offers an exceptional investment opportunity in one of the most sought-after neighborhoods where multi-family properties are rare to find, in the heart of Victorian Village and the vibrant Short North. The main house has been completely updated, seamlessly blending modern amenities with historic charm. The first floor unit features 1 bed, 1 bath, while the second floor unit features 3 beds, 2 baths, and 2 floors of living space. Quartz counters in the kitchens and high grade LVP flooring throughout both units. Brand new 3 car garage with carriage house constructed in 2023, featuring 2 beds, 1 bath, & 1000 sqft. Fully leased through April 2025!
Income/Expenses
- Gross Income
- 92604
- Net Operating Income
- 73384
- Total Expenses
- 19220
Addl Acceptance Cond
- None Known
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- 3 Car Garage
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Water Available
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
- FHA
- Yes
- Other
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
3 Car Garage
Owner Pays:
Sewer; Trash; Water
Tenant Pays:
Electricity; Gas
Heat Fuel:
Gas
Heating:
Forced Air
Air Conditioning:
Central Air
Sewer:
Public Sewer
Services Available:
Electricity Available; Natural Gas Available; Water Available
New Financing:
Conventional; FHA; Other
MLS Primary PhotoSrc:
Realtor Provided
Documents
Offering Memorandum 201-205 w 1st ›
Listing Office:
NextHome Experience
Listing Agent:
Shane C Coy
Last Updated: March - 06 - 2025
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