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
City (Mailing Addr): Delaware
Corp LimitPerAuditor: Delaware
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Total Parking: 35
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 18
Year Built: 1968
Acreage: 0.84
Tax Info
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
Parcel #: 519-433-20-026-000
Remarks & Misc
Property 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
Income/Expenses
Gross Income: 144856
Net Operating Income: 84830
Total Expenses: 60026
Addl Acceptance Cond
None Known: 1
Financials
Financials ForYearOf: 2020
1 Bedroom
1 Bedroom # of Units: 6
2 Bedroom
2 Bedroom # of Units: 8
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 4
Heat Fuel
Gas: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
W/D Hookups: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
Central Air: 1
Window Unit(s): 1
Owner Pays
Trash: 1
MLS Primary PhotoSrc
Realtor Provided: 1
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
Status Change Info
Under Contract Date: 2020-09-14
Sold Date: 2020-10-30
Sold Price: $1,230,000
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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