3742 Cleveland Avenue, Columbus, OH 43224
$985,000
Property Type:
Multi-Family
Status:
Closed
Current Price:
$985,000
List Date:
8/10/2018
Last Modified:
1/28/2025
Overview
Description
A well maintained and updated apartment complex with nice upside available for a new owner. All ranch style brick buildings
with separate entrances and basements. Tenants pay all utilities. 8.6% Cap. Rate trend for 2018 via new water bill back program. Around $18,000 annual upside for new owner once units are brought to market rents. Property management in place.
Listing Details MLS# 218027344
Location Property Info
- Original List Price
- 1150000
- Property Sub Type
- Flat
- Street #
- 3742
- Street Name
- Cleveland
- Street Suffix
- Avenue
- County
- Franklin
- State
- OH
- Zip Code
- 43224
- School District
- COLUMBUS CSD 2503 FRA CO.
- Township
- Clinton
OfficeContract Info
- MLS Entry Date
- 2018-07-23
General Property Info
- Number of Units
- 29
- Year Built
- 1958
- Built Prior to 1978
- Yes
Tax Info
- Parcel #
- 130-006701-00
- Addl Parcel Numbers
- 130-005057-00 130-001368-00 130-006702-00 130-006941-00 130-006701-00
- Tax Abatement
- No
- Taxes (Yrly)
- 25211.36
Status Change Info
- Under Contract Date
- 2018-08-25
- Sold Date
- 2018-12-14
1 Bedroom
- 1 Bedroom # of Units
- 29
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- None
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- A well maintained and updated apartment complex with nice upside available for a new owner. All ranch style brick buildings with separate entrances and basements. Tenants pay all utilities. 8.6% Cap. Rate trend for 2018 via new water bill back program. Around $18,000 annual upside for new owner once units are brought to market rents. Property management in place.
Income/Expenses
- Gross Income
- 162973
- Net Operating Income
- 65550
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
MLS Primary PhotoSrc:
Realtor Provided
Documents
Sale Package ›
Listing Office:
SVN Wilson Commercial
Listing Agent:
Michael Rodriguez
Last Updated: January - 28 - 2025
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