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
Overview
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.
Listing Details MLS# 221012656
Location Property Info
- Original List Price
- 5000000
- 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
- MLS Entry Date
- 2021-04-23
General Property Info
- Number of Units
- 70
- # of Buildings
- 6
- 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/SqFt
- 87.35
1 Bedroom
- 1 Bedroom # of Units
- 48
- 1 Bedroom Month Rent Per Unit
- 605
More Information
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
Location & Property Info
- List Price/SqFt
- 94.95
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
- Dist To Intersxn
- 0.75
Office/Contract Info
- For Sale
- Yes
- Exchange
- Yes
Remarks & Misc
- Property 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.
Income/Expenses
- Gross Income
- 536928
- Net Operating Income
- 340330
- Total Expenses
- 196598
Addl Acceptance Cond
- None Known
- Yes
Construction
- Frame
- Yes
- Brick
- Yes
Parking Features
- On Street
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
Tenant Pays
- Electricity
- Yes
New Financing
- Conventional
- Yes
Owner Pays
- Sewer
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 C Jackson
Last Updated: February - 12 - 2025
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