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

Overview

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.

Listing Details MLS# 221048208

Location Property Info

Original List Price
2706000
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

MLS Entry Date
2021-12-01

General Property Info

Number of Units
41
Building Sqft
24192
Year Built
1973
Built Prior to 1978
Yes
Acreage
2.41

Tax Info

Parcel #
053-180588-00.000
Mult Parcels/Sch Dis
No
Tax Year
2020
Tax Abatement
No
Taxes (Yrly)
18921

Status Change Info

Under Contract Date
2021-12-21
Sold Date
2022-02-18
Sold Price/SqFt
105.03

Efficiency

Efficiency # of Units
Yes

More Information

1 Bedroom

1 Bedroom # of Units
39

2 Bedroom

2 Bedroom # of Units
Yes

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
111.86
City (Mailing Addr)
Johnstown
Corp LimitPerAuditor
Johnstown

Office/Contract Info

For Sale
Yes
Exchange
No

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.

Income/Expenses

Gross Income
283111
Net Operating Income
194310
Total Expenses
88800

Addl Acceptance Cond

None Known
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: NAI Ohio Equities, Realtors
Listing Agent: Carter R Stephens
Last Updated: February - 21 - 2025
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