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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