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
Overview
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!
Listing Details MLS# 223002781
Location Property Info
- Original List Price
- 1375000
- 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
- MLS Entry Date
- 2023-02-03
General Property Info
- Number of Units
- 14
- # of Buildings
- Yes
- Total Parking
- 20
- Building Sqft
- 13401
- Year Built
- 1965
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Lot Size (Side)
- 180
- Acreage
- 0.43
- Use Code
- 401 - APARTMENT:4-19 UNITS
Tax Info
- Parcel #
- 054-270222-00.000
- Zoning
- Residential
- Tax Year
- 2022
- Tax Abatement
- No
- Taxes (Yrly)
- 9773.7
Status Change Info
- Under Contract Date
- 2023-02-09
- Sold Date
- 2023-04-11
- Sold Price/SqFt
- 100.74
1 Bedroom
- 1 Bedroom # of Units
- 14
More Information
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
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 102.6
- City (Mailing Addr)
- Newark
- Corp LimitPerAuditor
- Newark
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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!
Income/Expenses
- Gross Income
- 124800
- Net Operating Income
- 95808
- Total Expenses
- 28992
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Electric
- Yes
Parking Features
- Assigned
- Yes
- Common
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Electricity
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Owner Pays
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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