58-64 W 3rd Avenue, Columbus, OH 43201
$1,600,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$1,600,000
List Date:
4/27/2020
Last Modified:
2/07/2025
Description
Amazing Value-add Investment Opportunity. 12 Units. Perfect Location to High Street. The Core of the Short North. Walk to Chipotle! 3 units are used as furnished short-term rentals with management in place. 6 units have been extensively renovated. Great Bones with 11ft ceilings! 12 spot parking pad in the back could be monetized. On-site Coin Laundry in Basement. Very easy to rent due to location. Seller Financing available.
Before Covid, the total monthly cashflow was between $15,000-$19,000 depending on occupancy. Short term rentals occupancy still above 85% during the epidemic
Supplements: ********
More Information MLS# 220012634
Location & Property Info
List Price/SqFt: 110.05
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: Yes
General Property Info
Built Prior to 1978: Yes
Building Sqft: 14312
Number of Units: 12
Year Built: 1940
Acreage: 0.22
Tax Info
Tax Abatement: No
Taxes (Yrly): 16027
Parcel #: 010-045408
Tax Year: 2019
Remarks & Misc
Property Description: Amazing Value-add Investment Opportunity. 12 Units. Perfect Location to High Street. The Core of the Short North. Walk to Chipotle! 3 units are used as furnished short-term rentals with management in place. 6 units have been extensively renovated. Great Bones with 11ft ceilings! 12 spot parking pad in the back could be monetized. On-site Coin Laundry in Basement. Very easy to rent due to location. Seller Financing available.
Before Covid, the total monthly cashflow was between $15,000-$19,000 depending on occupancy. Short term rentals occupancy still above 85% during the epidemic
Status Change Info
Sold Price/SqFt: 111.79
Under Contract Date: 2020-05-10
Sold Date: 2020-07-01
Sold Price: $1,600,000
Income/Expenses
Gross Income: 183370
Net Operating Income: 112477
Total Expenses: 70893
Addl Acceptance Cond
None Known: 1
1 Bedroom
1 Bedroom # of Units: 9
2 Bedroom
2 Bedroom # of Units: 1
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 2
Heat Fuel
Gas: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Water Available: 1
Miscellaneous
Basement: 1
Fireplace: 1
W/D Hookups: 1
Alternate Uses
Commercial: 1
Residential: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
New Financing
Owner Financing: 1
Air Conditioning
Central Air: 1
Window Unit(s): 1
Owner Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 1575000
Sold Price: $1,600,000
Property Sub Type: Mixed Use
Street #: 58-64
Street PreDirection: W
Street Name: 3rd
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: 2020-04-21
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Electric; Gas; Sewer; Trash; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air; Window Unit(s)
Construction: Brick
Services Available: Electricity Available; Natural Gas Available; Water Available
Miscellaneous: Basement; Fireplace; W/D Hookups
Alternate Uses: Commercial; Residential
New Financing: Owner Financing
MLS Primary PhotoSrc: Realtor Provided
Documents
List of Improvements ›
PnL ›Listing Office: List
Listing Agent: Carson Thrush
Last Updated: February - 07 - 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.
