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
List Price/SqFt: 2456.22
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 46
Occupancy Rate: 98
Built Prior to 1978: No
Building Sqft: 916
Use Code: 403 - APARTMENT:40+ UNITS
Number of Units: 34
Year Built: 1998
Acreage: 0.01
Tax Info
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 Abatement: No
Taxes (Yrly): 33073.5
Parcel #: 010-244193
Tax Year: 2020
Remarks & Misc
Property 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.
Status Change Info
Sold Price/SqFt: 2401.75
Under Contract Date: 2021-01-19
Sold Date: 2021-01-21
Sold Price: $2,200,000
Income/Expenses
Gross Income: 291180
Net Operating Income: 161072
Total Expenses: 130108
Addl Acceptance Cond
None Known: 1
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
Construction
Brick: 1
Heat Fuel
Electric: 1
Parking Features
1 Car Garage: 1
Detached Garage: 1
Common: 1
Services Available
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Miscellaneous
Clubhouse: 1
Garages: 1
Public Transport: 1
Swimming Pool: 1
W/D Hookups: 1
Tenant Pays
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Heat Pump: 1
New Financing
Conventional: 1
Air Conditioning
Central Air: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
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
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
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.
