376 Hudson Avenue, Newark, OH 43055
$1,350,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
18,731
Status:
Closed
Current Price:
$1,350,000
List Date:
2/03/2023
Last Modified:
2/27/2025
Description
Rare opportunity to add this newly updated 14-unit complex on historic Hudson Ave to your portfolio! Two story brick fully occupied complex with 14 1bed/1bath units. 12 of 14 units updated throughout with new paint, flooring, carpet, and renovated bathrooms. New energy efficient windows. Roof and gutters replaced (2017), new steps with wrought iron railing (2017), new outdoor second story balcony flooring, and newly poured cement courtyard and sidewalks. Beautifully updated landscaping. Off-street parking in rear can hold up to 20 cars. On site renovated laundry facility for tenant use in basement. 14 additional storage spaces in the laundry facility for tenant storage brings opportunity for additional income ($25/month). Low maintenance ownership! Close to new Intel Site! Must see!
Supplements: ********
More Information MLS# 223002781
Location & Property Info
List Price/SqFt: 102.6
City (Mailing Addr): Newark
Corp LimitPerAuditor: Newark
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Occupancy Rate: 100
Built Prior to 1978: Yes
Total Parking: 20
Building Sqft: 13401
Lot Size (Side): 180
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 14
Year Built: 1965
Acreage: 0.43
Tax Info
Zoning: Residential
Tax Abatement: No
Taxes (Yrly): 9773.7
Parcel #: 054-270222-00.000
Tax Year: 2022
Remarks & Misc
Property Description: Rare opportunity to add this newly updated 14-unit complex on historic Hudson Ave to your portfolio! Two story brick fully occupied complex with 14 1bed/1bath units. 12 of 14 units updated throughout with new paint, flooring, carpet, and renovated bathrooms. New energy efficient windows. Roof and gutters replaced (2017), new steps with wrought iron railing (2017), new outdoor second story balcony flooring, and newly poured cement courtyard and sidewalks. Beautifully updated landscaping. Off-street parking in rear can hold up to 20 cars. On site renovated laundry facility for tenant use in basement. 14 additional storage spaces in the laundry facility for tenant storage brings opportunity for additional income ($25/month). Low maintenance ownership! Close to new Intel Site! Must see!
Status Change Info
Sold Price/SqFt: 100.74
Under Contract Date: 2023-02-09
Sold Date: 2023-04-11
Sold Price: $1,350,000
Income/Expenses
Gross Income: 124800
Net Operating Income: 95808
Total Expenses: 28992
Addl Acceptance Cond
None Known: 1
Financials
Financials ForYearOf: 2022
Gross Rental Income: 124800
Effective Income: 95808
Expenses
R.E. Taxes: 9768
Property Insurance: 5376
Off-Site Management: 4800
Repairs&Maintenance: 4800
Electricity Expense: 936
Water Expense: 1560
1 Bedroom
1 Bedroom # of Units: 14
Construction
Brick: 1
Heat Fuel
Electric: 1
Parking Features
Assigned: 1
Common: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Tenant Pays
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Air Conditioning
Window Unit(s): 1
Owner Pays
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1375000
Sold Price: $1,350,000
Property Sub Type: Midrise
Street #: 376
Street Name: Hudson
Street Suffix: Avenue
County: Licking
State: OH
Zip Code: 43055
Subdiv/Cmplx/Comm: Historic Hudson District
School District: NEWARK CSD 4507 LIC CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-02-03
Property Features
Addl Acceptance Cond: None Known
Parking Features: Assigned; Common
Owner Pays: Sewer; Trash; Water
Tenant Pays: Electricity
Heat Fuel: Electric
Air Conditioning: Window Unit(s)
Construction: Brick
Sewer: Public Sewer
Services Available: Electricity Available; Sewer Available; Water Available
Miscellaneous: Basement; W/D Hookups
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Merriman and Co. Real Estate
Listing Agent:
Leigh Merriman
Last Updated: February - 27 - 2025
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