5457 Wellington Woods Boulevard, Columbus, OH 43213

$2,200,000
Property Type: Multi-Family Lot Size (sq. ft.): 436 Status: Closed
Current Price: $2,200,000 List Date: 11/22/2019 Last Modified: 2/05/2025

Description

34 apartment homes and 12 detached 1 car garages. (8) One bedrooms one bathroom. (1) 2 bedroom 2 bathroom. (25) 2 bedroom 1 bathroom. (5) units have been completely renovated in the last year. All units are in excellent condition. Tenants have access to pool, clubhouse, and fitness center. Condo association takes care of snow removal, paving, roof, siding, and more. Gross Potential rent is greater than $300,000 per year. Value add opportunity. NOI over $160,000. 6.8% Cap Rate. Combined condo fees annually $60,624. See MLS attachments for details.

Supplements: ********

More Information MLS# 219043618

Location Property Info

Original List Price: 2349900 Sold Price: $2,200,000 Property Sub Type: Mixed Use Street #: 5457 Street Name: Wellington Woods Street Suffix: Boulevard County: Franklin State: OH Zip Code: 43213 Subdiv/Cmplx/Comm: Wellington Woods Apartments School District: COLUMBUS CSD 2503 FRA CO. Township: None

OfficeContract Info

Status: Closed MLS Entry Date: 2019-11-22

General Property Info

Number of Units: 34 # of Buildings: 46 Building Sqft: 916 Year Built: 1998 Built Prior to 1978: No Occupancy Rate: 98 Acreage: 0.01 Use Code: 403 - APARTMENT:40+ UNITS

Tax Info

Parcel #: 010-244193 Mult Parcels/Sch Dis: Yes Addl Parcel Numbers: 010-244193-00;010-244196-00;010-244236-00;010-244237-00;010-244292-00;010-244293-00;010-244516-00;010-244350-00;010-244351-00;010-244352-00;010-244353-00;010-244354-00;010-244355-00;010-244356-00;010-244357-00;010-244518-00;010-244519-00;010-244520-00;010-244521-00;010-244522-00;010-244523-00;010-244524-00;010-244424-00;010-244425-00;010-244428-00; Tax Year: 2020 Tax Abatement: No Taxes (Yrly): 33073.5

Status Change Info

Under Contract Date: 2021-01-19 Sold Date: 2021-01-21 Sold Price: $2,200,000 Sold Price/SqFt: 2401.75

1 Bedroom

1 Bedroom # of Units: 8 1 Bedroom Month Rent Per Unit: 725

2 Bedroom

2 Bedroom # of Units: 26 2 Bedroom Month Rent Per Unit: 815

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N Seller/Buyer Concessions: N

Property Features

Addl Acceptance Cond: None Known Parking Features: 1 Car Garage; Detached Garage; Common Tenant Pays: Electricity; Water Heat Fuel: Electric Heating: Forced Air; Heat Pump Air Conditioning: Central Air Construction: Brick Services Available: Electricity Available; Sewer Available; Water Available Miscellaneous: Clubhouse; Garages; Public Transport; Swimming Pool; W/D Hookups New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: RE/MAX Connection
Listing Agent: DeLena Ciamacco
Last Updated: February - 05 - 2025
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