3801 Sturbridge Court, Hilliard, OH 43026
$1,225,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
60,548
Status:
Closed
Current Price:
$1,225,000
List Date:
8/29/2018
Last Modified:
1/28/2025
Overview
Description
Well maintained Hilliard 24 unit Apartment building. Located on a large lot with development opportunities. Building is currently 100% occupied .Currently rented under market at $19,741/month. Each unit has 1.5-2 bathrooms.The spacious flats have been renovated with granite and quartz counters in most kitchens, stainless steel appliances, central air conditioning and bathrooms with higher end tile work and new vanities. Washing machine and dryer have been installed in most units. Attractive Non Recourse assumable financing in place. Buyer is responsible for 1% assumption fee or Seller's prepayment penalty in the event they do not wish to assume the financing. Plenty of Off-Street Parking in the rear of the building.
Listing Details MLS# 218032803
Location Property Info
- Original List Price
- 2520000
- Property Sub Type
- Flat
- Street #
- 3801
- Street Name
- Sturbridge
- Street Suffix
- Court
- County
- Franklin
- State
- OH
- Zip Code
- 43026
- Subdiv/Cmplx/Comm
- Hilliard
- School District
- HILLIARD CSD 2510 FRA CO.
- Township
- Norwich
OfficeContract Info
- MLS Entry Date
- 2018-08-29
General Property Info
- Number of Units
- 24
- # of Buildings
- Yes
- Building Sqft
- 27040
- Year Built
- 1968
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Acreage
- 1.39
Tax Info
- Parcel #
- 050-000239
- Tax Year
- 2017
- Tax Abatement
- No
- Taxes (Yrly)
- 35887
Status Change Info
- Under Contract Date
- 2019-07-29
- Sold Date
- 2019-09-24
- Sold Price/SqFt
- 45.3
2 Bedroom
- 2 Bedroom # of Units
- 24
- 2 Bedroom Month Rent Per Unit
- 813
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 86.91
- City (Mailing Addr)
- Hilliard
- Corp LimitPerAuditor
- Hilliard
Office/Contract Info
- For Sale
- Yes
- Mortgage Balance
- 1241000
- Exchange
- No
Remarks & Misc
- Property Description
- Well maintained Hilliard 24 unit Apartment building. Located on a large lot with development opportunities. Building is currently 100% occupied .Currently rented under market at $19,741/month. Each unit has 1.5-2 bathrooms.The spacious flats have been renovated with granite and quartz counters in most kitchens, stainless steel appliances, central air conditioning and bathrooms with higher end tile work and new vanities. Washing machine and dryer have been installed in most units. Attractive Non Recourse assumable financing in place. Buyer is responsible for 1% assumption fee or Seller's prepayment penalty in the event they do not wish to assume the financing. Plenty of Off-Street Parking in the rear of the building.
Income/Expenses
- Gross Income
- 231000
- Net Operating Income
- 161397
- Total Expenses
- 75903
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Water Available
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
New Financing
- Assumable
- Yes
- Conventional
- Yes
- FHA
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Sewer
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Owner Pays:
Sewer; Water
Tenant Pays:
Electricity; Gas
Air Conditioning:
Central Air
Construction:
Brick
Services Available:
Electricity Available; Natural Gas Available; Water Available
New Financing:
Assumable; Conventional; FHA
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Northsteppe Realty
Listing Agent:
Michael L Linsker
Last Updated: January - 28 - 2025
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