2294 Teakwood Drive, Columbus, OH 43229

$1,250,000
Property Type: Multi-Family Lot Size (sq. ft.): 42,689 Status: Active
Current Price: $1,250,000 List Date: 4/25/2026 Last Modified: 4/25/2026

Overview

Description

Teakwood Square Apartments 12- One Bedroom ranch style apartments @ 576sf 4- Studio Apartments @ 288 sf See pro forma in Documents attached. Floor plans attached in documents Range, Refrigerator, Hotel style HVAC. All electric. Tenants pay electric. Owner pays water. Built in book shelving. Carpet plus Vinyl flooring. Private patios. Plenty of off street parking. Ranch style. Private entries. Very efficient floor plan and site plan. High rental demand. Cardinal Industries Modular built in 1976. No Seller Financing. Curb offering only. Please do not disturb residents. Thanks!

Listing Details MLS# 224004695

Location Property Info

Original List Price
1275000
Property Sub Type
Flat
Street #
2294
Street Name
Teakwood
Street Suffix
Drive
County
Franklin
State
OH
Zip Code
43229
School District
COLUMBUS CSD 2503 FRA CO.
Township
None

OfficeContract Info

MLS Entry Date
2024-02-20

General Property Info

Number of Units
16
Building Sqft
7750
Year Built
1978
Built Prior to 1978
Yes
Acreage
0.98

Tax Info

Parcel #
010-158237
Tax Year
2022
Tax Abatement
No
Taxes (Yrly)
10017

Efficiency

Efficiency # of Units
4
Efficiency Month Rent Per Unit
605

1 Bedroom

1 Bedroom # of Units
12
1 Bedroom Month Rent Per Unit
755

More Information

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
161.29
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
No

Remarks & Misc

Property Description
Teakwood Square Apartments 12- One Bedroom ranch style apartments @ 576sf 4- Studio Apartments @ 288 sf See pro forma in Documents attached. Floor plans attached in documents Range, Refrigerator, Hotel style HVAC. All electric. Tenants pay electric. Owner pays water. Built in book shelving. Carpet plus Vinyl flooring. Private patios. Plenty of off street parking. Ranch style. Private entries. Very efficient floor plan and site plan. High rental demand. Cardinal Industries Modular built in 1976. No Seller Financing. Curb offering only. Please do not disturb residents. Thanks!

Income/Expenses

Gross Income
130872
Net Operating Income
85111
Total Expenses
45761

Addl Acceptance Cond

None Known
Yes

Construction

Frame
Yes

Heat Fuel

Electric
Yes

Sewer

Public Sewer
Yes

Services Available

Electricity Available
Yes
Sewer Available
Yes
Storm Sewer
Yes
Water Available
Yes

Tenant Pays

Electricity
Yes

Alternate Uses

Residential
Yes

Heating

Radiant
Yes

New Financing

Conventional
Yes

Air Conditioning

Other
Yes

Owner Pays

Sewer
Yes
Water
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Sewer; Water Tenant Pays: Electricity Heat Fuel: Electric Heating: Radiant Air Conditioning: Other Construction: Frame Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Storm Sewer; Water Available Alternate Uses: Residential New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: Thomas Fortin & Company LLC.
Listing Agent: Thomas J Fortin
Last Updated: April - 25 - 2026
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