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
Overview
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.
Listing Details MLS# 219043618
Location Property Info
- Original List Price
- 2349900
- 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
- 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/SqFt
- 2401.75
1 Bedroom
- 1 Bedroom # of Units
- 8
- 1 Bedroom Month Rent Per Unit
- 725
More Information
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
Location & Property Info
- List Price/SqFt
- 2456.22
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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.
Income/Expenses
- Gross Income
- 291180
- Net Operating Income
- 161072
- Total Expenses
- 130108
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Electric
- Yes
Parking Features
- 1 Car Garage
- Yes
- Detached Garage
- Yes
- Common
- Yes
Services Available
- Electricity Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Clubhouse
- Yes
- Garages
- Yes
- Public Transport
- Yes
- Swimming Pool
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
- Heat Pump
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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