3641 Eakin Road, Columbus, OH 43204
$3,000,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$3,000,000
List Date:
6/03/2024
Last Modified:
3/02/2025
Description
This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $875 a month the return on this portfolio should be north of 9%.
Supplements: ********
More Information MLS# 223025552
Location Property Info
Original List Price: 3200000
Sold Price: $3,000,000
Property Sub Type: Flat
Street #: 3641
Street Name: Eakin
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43204
Subdiv/Cmplx/Comm: Westgate Terrace
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-08-09
General Property Info
Number of Units: 36
Building Sqft: 31104
Year Built: 1963
Built Prior to 1978: Yes
Acreage: 0.2
Tax Info
Parcel #: 010-119823
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-119822-00, 010-119821-00, 010-119817-00, 010-119816-00, 010-119814-00, 010-119813-00, 010-119812-00, 010-136792-00, 010-088015-00
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 34010.36
Status Change Info
Under Contract Date: 2024-12-06
Sold Date: 2024-12-09
Sold Price: $3,000,000
Sold Price/SqFt: 96.45
2 Bedroom
2 Bedroom # of Units: 36
2 Bedroom Month Rent Per Unit: 850
Auction Info
Auction/Online Bidding Y/N: No
Property Features
Addl Acceptance Cond: None Known
Parking Features: Common
Owner Pays: Trash
Tenant Pays: Electricity; Gas; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Window Unit(s)
Construction: Brick
Sewer: Public Sewer
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Keller Williams Capital Ptnrs
Listing Agent: Bryan Jarrett
Last Updated: March - 02 - 2025
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