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
Overview
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.
Listing Details MLS# 223001795
Location Property Info
- Original List Price
- 1525000
- 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
- MLS Entry Date
- 2023-01-19
General Property Info
- Number of Units
- 12
- Building Sqft
- 9376
- Year Built
- 1970
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Acreage
- 0.26
Tax Info
- Parcel #
- 010-027375
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 15764
Status Change Info
- Under Contract Date
- 2023-04-08
- Sold Date
- 2023-04-28
- Sold Price/SqFt
- 138.65
Efficiency
- Efficiency # of Units
- 2
- Efficiency Month Rent Per Unit
- 750
More Information
2 Bedroom
- 2 Bedroom # of Units
- 10
- 2 Bedroom Month Rent Per Unit
- 1000
Auction Info
- Auction/Online Bidding Y/N
- No
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
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.
Income/Expenses
- Gross Income
- 153977
- Net Operating Income
- 99546
- Total Expenses
- 54431
Addl Acceptance Cond
- None Known
- Yes
Construction
- Block
- Yes
- Frame
- Yes
Heat Fuel
- Gas
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 R Brown
Last Updated: February - 27 - 2025
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