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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