60-66 E 7th Avenue, Columbus, OH 43201

$2,750,000
Property Type: Multi-Family Lot Size (sq. ft.): 5,663 Status: Closed
Current Price: $2,750,000 List Date: 3/11/2019 Last Modified: 1/31/2025

Overview

Description

15 unit asset with a taste of the OSU South Campus Area and the Short North area of Columbus. Every unit has undergone a stunning renovation. Urban location with excellent Tenants. Adjacent to retail, an affluent neighborhood, and close proximity to I-71. Ample parking and good visibility. Other great features: Low maintenance, impressive finishes & professionally managed. Provides a great return and is easy to manage. Attractive Non Recourse assumable financing in place. Buyer is responsible for 1% assumption fee or Seller's prepayment penalty in the event they do not wish to assume the financing.

Listing Details MLS# 219006881

Location Property Info

Original List Price
3000000
Property Sub Type
Midrise
Street #
60-66
Street PreDirection
E
Street Name
7th
Street Suffix
Avenue
County
Franklin
State
OH
Zip Code
43201
Subdiv/Cmplx/Comm
OSU Campus Area
School District
COLUMBUS CSD 2503 FRA CO.
Township
None

OfficeContract Info

MLS Entry Date
2019-03-11

General Property Info

Number of Units
15
# of Buildings
2
Building Sqft
14764
Year Built
1971
Built Prior to 1978
Yes
Acreage
0.13

Tax Info

Parcel #
010-039365
Mult Parcels/Sch Dis
Yes
Addl Parcel Numbers
010-055850-00, 010-046808-00
Tax Year
2017
Tax Abatement
No
Taxes (Yrly)
10078

Status Change Info

Under Contract Date
2019-08-28
Sold Date
2020-01-15
Sold Price/SqFt
186.26

2 Bedroom

2 Bedroom # of Units
3

More Information

3 Bedroom

3 Bedroom # of Units
12

Auction Info

Auction/Online Bidding Y/N
No

Location & Property Info

List Price/SqFt
203.2
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
Yes

Remarks & Misc

Property Description
15 unit asset with a taste of the OSU South Campus Area and the Short North area of Columbus. Every unit has undergone a stunning renovation. Urban location with excellent Tenants. Adjacent to retail, an affluent neighborhood, and close proximity to I-71. Ample parking and good visibility. Other great features: Low maintenance, impressive finishes & professionally managed. Provides a great return and is easy to manage. Attractive Non Recourse assumable financing in place. Buyer is responsible for 1% assumption fee or Seller's prepayment penalty in the event they do not wish to assume the financing.

Income/Expenses

Gross Income
312000
Net Operating Income
253981
Total Expenses
55539

Addl Acceptance Cond

None Known
Yes

Construction

Stucco
Yes

Heat Fuel

Gas
Yes

Parking Features

Common
Yes

Services Available

Electricity Available
Yes
Natural Gas Available
Yes
Water Available
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Heating

Forced Air
Yes

New Financing

Assumable
Yes

Air Conditioning

Central Air
Yes

Owner Pays

Water
Yes

MLS Primary PhotoSrc

Realtor Provided
Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: Common Owner Pays: Water Tenant Pays: Electricity; Gas Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Stucco Services Available: Electricity Available; Natural Gas Available; Water Available New Financing: Assumable MLS Primary PhotoSrc: Realtor Provided
Listing Office: Northsteppe Realty
Listing Agent: Michael L Linsker
Last Updated: January - 31 - 2025
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