434 E Norwich Avenue, Columbus, OH 43201
$1,300,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
11,326
Status:
Closed
Current Price:
$1,300,000
List Date:
2/01/2023
Last Modified:
2/27/2025
Description
The property offers 12 units/22 beds with a mix of 8 - 2BD/1BA flats, 2 - 2BD/1.5BA townhouses and 2 studio units. The units are in good condition with most receiving new vinyl plank flooring and a few with completely renovated kitchens and baths that include stainless steel appliances, granite counters and tile tub surrounds. The potential exists for a new owner to create additional value by renovating the rest of the units. Other highlights include new exterior paint, thermal pane windows throughout and steel entry doors. The property amenities include on-site laundry, central A/C and ample off-street parking spots. Tenants pay all utilities. The property is currently 100% occupied and pre-leasing for the 2023-24 academic year is very strong.
Supplements: ********
More Information MLS# 223001795
Location & Property Info
List Price/SqFt: 162.65
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
Active on MLS: 2023-02-01
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 100
Built Prior to 1978: Yes
Building Sqft: 9376
Number of Units: 12
Year Built: 1970
Acreage: 0.26
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 15764
Parcel #: 010-027375
Tax Year: 2021
Remarks & Misc
Property Description: The property offers 12 units/22 beds with a mix of 8 - 2BD/1BA flats, 2 - 2BD/1.5BA townhouses and 2 studio units. The units are in good condition with most receiving new vinyl plank flooring and a few with completely renovated kitchens and baths that include stainless steel appliances, granite counters and tile tub surrounds. The potential exists for a new owner to create additional value by renovating the rest of the units. Other highlights include new exterior paint, thermal pane windows throughout and steel entry doors. The property amenities include on-site laundry, central A/C and ample off-street parking spots. Tenants pay all utilities. The property is currently 100% occupied and pre-leasing for the 2023-24 academic year is very strong.
Status Change Info
Sold Price/SqFt: 138.65
Under Contract Date: 2023-04-08
Sold Date: 2023-04-28
Sold Price: $1,300,000
Income/Expenses
Gross Income: 153977
Net Operating Income: 99546
Total Expenses: 54431
Addl Acceptance Cond
None Known: 1
Efficiency
Efficiency # of Units: 2
Efficiency Month Rent Per Unit: 750
2 Bedroom
2 Bedroom # of Units: 10
2 Bedroom Month Rent Per Unit: 1000
Construction
Block: 1
Frame: 1
Heat Fuel
Gas: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Tenant Pays
Gas: 1
Sewer: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
Central Air: 1
Owner Pays
Trash: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1525000
Sold Price: $1,300,000
Property Sub Type: Midrise
Street #: 434
Street PreDirection: E
Street Name: Norwich
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43201
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-01-19
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Trash
Tenant Pays: Electricity; Gas; Sewer; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Block; Frame
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
MLS Primary PhotoSrc: Realtor Provided
Documents
Lead Based Paint Disclosure ›Listing Office: Brown Multifamily Advisors,LLC
Listing Agent: Matthew Brown
Last Updated: February - 27 - 2025
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