5804 N Meadows Boulevard, Columbus, OH 43229
$4,600,000
Property Type:
Multi-Family
Status:
Closed
Current Price:
$4,600,000
List Date:
7/29/2021
Last Modified:
2/12/2025
Description
North Meadows 70 unit package. This consists of 48 one bedroom, one bath units and 22 two bedroom, one bath units.
PLEASE DO NOT DISTURB TENANTS. SHOWING BY APPOINTMENT ONLY.
Package consists of six separate buildings on three parcels.
Owner operating statement and rent roll summary under documents. Buyer and their Realtor needs to sign Non-Disclosure agreement.
16 units are Section 8 subsidized with Community Shelter Board.
This may qualify for the Fannie Mae multi-family financing program. Details in documents.
Seller would like to do a 1031 exchange.
Gross projected income 2021 approx. $550,000.
Supplements: ********
More Information MLS# 221012656
Location Property Info
Original List Price: 5000000
Sold Price: $4,600,000
Property Sub Type: Townhouse
Street #: 5804
Street PreDirection: N
Street Name: Meadows
Street Suffix: Boulevard
County: Franklin
State: OH
Zip Code: 43229
Subdiv/Cmplx/Comm: Northland Salem Village Area
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2021-04-23
General Property Info
Number of Units: 70
# of Buildings: 6
Off Street Parking Spaces: 1
Building Sqft: 52660
Year Built: 1963
Built Prior to 1978: Yes
Lot Size (Side): irr
Use Code: 401 - APARTMENT:4-19 UNITS
Tax Info
Parcel #: 010-134956
Zoning: AR-1
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-134965, 010-117347
Assessment: none known
Tax Year: 2020
Tax Abatement: No
Taxes (Yrly): 51782
Tax Incentive: No
Status Change Info
Under Contract Date: 2021-12-20
Sold Date: 2022-01-21
Sold Price: $4,600,000
Sold Price/SqFt: 87.35
1 Bedroom
1 Bedroom # of Units: 48
1 Bedroom Month Rent Per Unit: 605
2 Bedroom
2 Bedroom # of Units: 22
2 Bedroom Month Rent Per Unit: 710
Financials
Financials ForYearOf: 2020
Gross Rental Income: 576240
Effective Income: 559843
Other Income: 25620
Vac & Cr Loss: 16396
Expenses
R.E. Taxes: 51782
Property Insurance: 14832
Off-Site Management: 41524
Repairs&Maintenance: 20472
Electricity Expense: 28696
Misc Expense: 10500
Gas Expense: 15620
Water Expense: 13172
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: On Street
Owner Pays: Sewer; Water
Tenant Pays: Electricity
Construction: Brick; Frame
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Keller Williams Capital Ptnrs
Listing Agent: Joseph Jackson
Last Updated: February - 12 - 2025
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