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
Overview
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
Listing Details MLS# 220031867
Location Property Info
- Original List Price
- 1230000
- 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
- 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
1 Bedroom
- 1 Bedroom # of Units
- 6
More Information
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
Location & Property Info
- City (Mailing Addr)
- Delaware
- Corp LimitPerAuditor
- Delaware
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- W/D Hookups
- Yes
Heating
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
- Window Unit(s)
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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