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
Overview
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!!
Listing Details MLS# 224042254
Location Property Info
- Original List Price
- 1150000
- 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
- MLS Entry Date
- 2024-12-03
General Property Info
- Number of Units
- 18
- # of Buildings
- Yes
- Total Parking
- 18
- 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/SqFt
- 140
1 Bedroom
- 1 Bedroom # of Units
- 18
- 1 Bedroom Month Rent Per Unit
- 750
More Information
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
Location & Property Info
- List Price/SqFt
- 146.37
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
- Dist To Intersxn
- 0.1
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property 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!!
Income/Expenses
- Gross Income
- 145000
- Net Operating Income
- 80000
- Total Expenses
- 65000
Addl Acceptance Cond
- None Known
- Yes
Construction
- Block
- Yes
- Frame
- Yes
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- Common
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Public Transport
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Window Unit(s)
- Yes
- Other
- Yes
Owner Pays
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 J Hrabcak
Last Updated: February - 15 - 2025
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