247 & 253 S Liberty Street, Delaware, OH 43015
$1,230,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
36,590
Status:
Closed
Current Price:
$1,230,000
List Date:
9/11/2020
Last Modified:
2/09/2025
Description
18 multifamily units that are located in downtown Delaware, Ohio. Sitting on .83 ares, the property is located minutes from Ohio Wesleyan University, as well as all of the restaurants, shops, and amenities that downtown Delaware has to offer. This property has significant upside potential and the opportunity to add substantial value within the first year.
Currently, the property is 85% occupied with 15/18 units leased. Two
of the one bedroom vacancies are rent ready and could be leased at anytime. Based on the 2020 income/expense projections the NOI will be approx $84,830. This property has tremendous upside potential
Supplements: ********
More Information MLS# 220031867
Location Property Info
Original List Price: 1230000
Sold Price: $1,230,000
Property Sub Type: Flat
Street #: 247 & 253
Street PreDirection: S
Street Name: Liberty
Street Suffix: Street
County: Delaware
State: OH
Zip Code: 43015
School District: DELAWARE CSD 2103 DEL CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2020-09-04
General Property Info
Number of Units: 18
Total Parking: 35
Year Built: 1968
Built Prior to 1978: Yes
Acreage: 0.84
Use Code: 401 - APARTMENT:4-19 UNITS
Tax Info
Parcel #: 519-433-20-026-000
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 519-433-20-027-000
Assessment: $161,820
Tax Abatement: No
Taxes (Yrly): 11983
Tax Incentive: No
Status Change Info
Under Contract Date: 2020-09-14
Sold Date: 2020-10-30
Sold Price: $1,230,000
1 Bedroom
1 Bedroom # of Units: 6
2 Bedroom
2 Bedroom # of Units: 8
3 Bedroom
3 Bedroom # of Units: 4
Financials
Financials ForYearOf: 2020
Auction Info
Auction/Online Bidding Y/N: No
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Trash
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air; Window Unit(s)
Construction: Brick
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: W/D Hookups
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Aspire Realty Services
Listing Agent: Andrew Sylvester
Last Updated: February - 09 - 2025
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