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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.
