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
Overview
Description
Listing Details MLS# 220012634
Location Property Info
- Original List Price
- 1575000
- 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
- MLS Entry Date
- 2020-04-21
General Property Info
- Number of Units
- 12
- Building Sqft
- 14312
- Year Built
- 1940
- Built Prior to 1978
- Yes
- Acreage
- 0.22
Tax Info
- Parcel #
- 010-045408
- Tax Year
- 2019
- Tax Abatement
- No
- Taxes (Yrly)
- 16027
Status Change Info
- Under Contract Date
- 2020-05-10
- Sold Date
- 2020-07-01
- Sold Price/SqFt
- 111.79
1 Bedroom
- 1 Bedroom # of Units
- 9
More Information
2 Bedroom
- 2 Bedroom # of Units
- Yes
3 Bedroom
- 3 Bedroom # of Units
- 2
Auction Info
- Auction/Online Bidding Y/N
- No
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- N
Location & Property Info
- List Price/SqFt
- 110.05
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- Yes
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
Income/Expenses
- Gross Income
- 183370
- Net Operating Income
- 112477
- Total Expenses
- 70893
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- Fireplace
- Yes
- W/D Hookups
- Yes
Alternate Uses
- Commercial
- Yes
- Residential
- Yes
Heating
- Forced Air
- Yes
New Financing
- Owner Financing
- Yes
Air Conditioning
- Central Air
- Yes
- Window Unit(s)
- Yes
Owner Pays
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 D Thrush
Last Updated: February - 07 - 2025
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