231 W Coshocton Street, Johnstown, OH 43031
$2,541,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
104,980
Status:
Closed
Current Price:
$2,541,000
List Date:
12/21/2021
Last Modified:
2/21/2025
Description
The Woodgate Apartments is a 41-unit cardinal style apartment community in Johnstown, Ohio, that sits on 2.41
acres. With easy access to highway US-62, the apartment community provides residents easy access to employment hubs, entertainment and necessities all around the
Columbus MSA.
The property has been exceptionally well-maintained which has resulted in 100% occupancy rates with long-term tenants in place. New ownership can benefit from
limited deferred maintenance, stable tenants and ability to assume in-place property management team for an easy
transition to an income producing asset.
Supplements: ********
More Information MLS# 221048208
Location & Property Info
List Price/SqFt: 111.86
City (Mailing Addr): Johnstown
Corp LimitPerAuditor: Johnstown
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 24192
Number of Units: 41
Year Built: 1973
Acreage: 2.41
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 18921
Parcel #: 053-180588-00.000
Tax Year: 2020
Remarks & Misc
Property Description: The Woodgate Apartments is a 41-unit cardinal style apartment community in Johnstown, Ohio, that sits on 2.41
acres. With easy access to highway US-62, the apartment community provides residents easy access to employment hubs, entertainment and necessities all around the
Columbus MSA.
The property has been exceptionally well-maintained which has resulted in 100% occupancy rates with long-term tenants in place. New ownership can benefit from
limited deferred maintenance, stable tenants and ability to assume in-place property management team for an easy
transition to an income producing asset.
Status Change Info
Sold Price/SqFt: 105.03
Under Contract Date: 2021-12-21
Sold Date: 2022-02-18
Sold Price: $2,541,000
Income/Expenses
Gross Income: 283111
Net Operating Income: 194310
Total Expenses: 88800
Addl Acceptance Cond
None Known: 1
Efficiency
Efficiency # of Units: 1
1 Bedroom
1 Bedroom # of Units: 39
2 Bedroom
2 Bedroom # of Units: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 2706000
Sold Price: $2,541,000
Property Sub Type: Flat
Street #: 231
Street PreDirection: W
Street Name: Coshocton
Street Suffix: Street
County: Licking
State: OH
Zip Code: 43031
School District: JOHNSTOWN MONROE LSD 4503 LIC CO.
Township: Monroe
OfficeContract Info
Status: Closed
MLS Entry Date: 2021-12-01
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office: NAI Ohio Equities, Realtors
Listing Agent: Carter Stephens
Last Updated: February - 21 - 2025
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