3400 Camp Chase Drive, Columbus, OH 43204

$1,100,000
Property Type: Multi-Family Lot Size (sq. ft.): 17,860 Status: Closed
Current Price: $1,100,000 List Date: 12/05/2024 Last Modified: 2/15/2025

Description

18 - 1 BR units at the NE corner of Camp Chase Dive and Derrer Road. 6 units per floor in 2,5 story midrise. 100% current occupancy - market rates $750/unit - upside potential to $162,000. 2023 gross $132.048. 2024 estimated gross +/- $146,000. Out of state absentee owner of over 50 year manages property. Great upside!! Located near Great Western Shopping Center @ Wilson & W. Broad. Tenants pay electric and gas. Units have window/sleeve air conditioning units. Newer paved parking in rear at Camp Chase Trail. HUGE upside with new owner/management in place. Units rent quickly. Financials available to qualified buyers NDA and verification of funding. 7,857 square feet building, 3 parcels, .41 acres. PLEASE do not disturb tenants, Asking price $1,150,000 - $63,900 per unit. RARE FIND!!

Supplements: ********

More Information MLS# 224042254

Location Property Info

Original List Price: 1150000 Sold Price: $1,100,000 Property Sub Type: Midrise Street #: 3400 Street Name: Camp Chase Street Suffix: Drive County: Franklin State: OH Zip Code: 43204 Subdiv/Cmplx/Comm: 18 - 1-bedroom units 0n 3 floors School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2024-12-03

General Property Info

Number of Units: 18 # of Buildings: 1 Total Parking: 18 Off Street Parking Spaces: 1 Building Sqft: 7857 Year Built: 1963 Built Prior to 1978: Yes Occupancy Rate: 100 Lot Size (Side): IRR Acreage: 0.41 Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 010-078709 Zoning: Multifamily Mult Parcels/Sch Dis: Yes Addl Parcel Numbers: 3 total parcels 010-078709 010-078710 010-006847 Totaling .41 acres Tax Year: 2023 Tax Abatement: No Taxes (Yrly): 10370 Tax Incentive: No

Status Change Info

Under Contract Date: 2024-12-11 Sold Date: 2025-02-14 Sold Price: $1,100,000 Sold Price/SqFt: 140

1 Bedroom

1 Bedroom # of Units: 18 1 Bedroom Month Rent Per Unit: 750

Expenses

R.E. Taxes: 11100 Property Insurance: 5975 Electricity Expense: 4000 Accounting & Legal: 13900 Misc Expense: 20000 Water Expense: 4000

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N Seller/Buyer Concessions: N

Property Features

Addl Acceptance Cond: None Known Parking Features: Common Owner Pays: Sewer; Trash; Water Tenant Pays: Electricity; Gas Heat Fuel: Gas Heating: Forced Air Air Conditioning: Window Unit(s); Other Construction: Block; Brick; Frame Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Public Transport New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: Hanna Commercial, LLC
Listing Agent: Gregory Hrabcak
Last Updated: February - 15 - 2025
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