3421-3431 Maize Road, 3421, Columbus, OH 43224
$2,300,000













































Property Type:
Multi-Family
Lot Size (sq. ft.):
60,984
Status:
Closed
Current Price:
$2,300,000
List Date:
3/31/2025
Last Modified:
4/16/2025
Description
Exclusive Investment Opportunity to acquire a well-maintained, high-potential rental property w/ 24, 2 Bed Townhomes w/ Basements on a single parcel, brick townhomes. Each townhome has a living room, kitchen, full basement, & 2 bedrooms/1.5 bathrooms. Current rents are under market value w/ units in this area are renting for $1,000+. Ample off-street parking is available for tenants & is conveniently located near public transportation. Current rent roll and 2023-2024 P&L reports in the document tab. Add this income-generating asset to your real estate portfolio. Offers long-term stability & growth potential. Please do not disturb the tenants. For all inquiries regarding this property, kindly refer to the A2A comments or LA. Don't miss out, secure this exceptional investment today!
Supplements: ********
More Information MLS# 225009968
Location & Property Info
List Price/SqFt: 104.17
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 1
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 100
Built Prior to 1978: Yes
Total Parking: 40
Building Sqft: 23040
Lot Size (Side): irr
Use Code: 402 - APARTMENT:20-39 UNITS
Number of Units: 24
Year Built: 1964
Acreage: 1.4
Tax Info
Zoning: R-4
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 21327
Parcel #: 010-082949
Tax Year: 2024
Remarks & Misc
Property Description: Exclusive Investment Opportunity to acquire a well-maintained, high-potential rental property w/ 24, 2 Bed Townhomes w/ Basements on a single parcel, brick townhomes. Each townhome has a living room, kitchen, full basement, & 2 bedrooms/1.5 bathrooms. Current rents are under market value w/ units in this area are renting for $1,000+. Ample off-street parking is available for tenants & is conveniently located near public transportation. Current rent roll and 2023-2024 P&L reports in the document tab. Add this income-generating asset to your real estate portfolio. Offers long-term stability & growth potential. Please do not disturb the tenants. For all inquiries regarding this property, kindly refer to the A2A comments or LA. Don't miss out, secure this exceptional investment today!
Status Change Info
Sold Price/SqFt: 99.83
Under Contract Date: 2025-04-03
Sold Date: 2025-04-16
Sold Price: $2,300,000
Income/Expenses
Gross Income: 213645
Net Operating Income: 122700
Total Expenses: 90945
Addl Acceptance Cond
None Known: 1
Financials
Financials ForYearOf: 2024
Gross Rental Income: 213645
Expenses
R.E. Taxes: 21327
Property Insurance: 11776
Repairs&Maintenance: 29239
Electricity Expense: 1545
Misc Expense: 16594
Water Expense: 10461
2 Bedroom
2 Bedroom # of Units: 24
2 Bedroom Month Rent Per Unit: 760
Construction
Frame: 1
Brick: 1
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Miscellaneous
Basement: 1
Tenant Pays
Gas: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Conventional: 1
Air Conditioning
Central Air: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 2400000
Sold Price: $2,300,000
Property Sub Type: Townhouse
Street #: 3421-3431
Street Name: Maize
Street Suffix: Road
Unit/Suite #: 3421
County: Franklin
State: OH
Zip Code: 43224
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2025-03-31
Property Features
Addl Acceptance Cond: None Known
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick; Frame
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Water Available
Miscellaneous: Basement
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Keller Williams Capital Ptnrs
Listing Agent: Joseph Jackson
Last Updated: April - 16 - 2025
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