690 W Light Street, Urbana, OH 43078
$2,250,000
Property Type:
Commercial
Square Footage:
45,760
Lot Size (sq. ft.):
291,416
Status:
Closed
Current Price:
$2,250,000
List Date:
6/27/2022
Last Modified:
2/24/2025
Overview
Description
This is a great investment opportunity! Built in 2003 through 2006, this multifamily development consists of 40 single-family homes on approximately 6.7 acres in the City of Urbana. The design of these homes is popular with tenants. Each home is 1144 SF with 3 bedrooms, 1 full bathroom, a large kitchen, and a walk-in closet. Appliances will convey. Tenants pay all utilities and trash pickup.
Listing Details MLS# 222023458
Location Property Info
- Original List Price
- 3000000
- Property Sub Type
- Other Com
- Street #
- 690
- Street PreDirection
- W
- Street Name
- Light
- Street Suffix
- Street
- County
- Champaign
- State
- OH
- Zip Code
- 43078
- Township
- Urbana
OfficeContract Info
- MLS Entry Date
- 2022-06-25
General Property Info
- Total SqFt Available
- 45760
- Bldg Sq Ft
- 45760
- Max Cont Sqft Avail
- 45760
- Minimum Sqft Avail
- 45760
- Year Built
- 2004
- Acreage
- 6.69
- # of Docks
- 0
Tax Info
- Parcel #
- K48-25-11-04-37-008-00
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 52566
Status Change Info
- Under Contract Date
- 2022-07-12
- Sold Date
- 2022-10-12
- Sold Price/SqFt
- 49.17
Auction Info
- Auction/Online Bidding Y/N
- No
More Information
Location & Property Info
- List Price/SqFt
- 65.56
- City (Mailing Addr)
- Urbana
- Corp LimitPerAuditor
- Urbana
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
- For Lease
- No
- Lease Rate $/Sq Ft
- 0
Remarks & Misc
- Property Description
- This is a great investment opportunity! Built in 2003 through 2006, this multifamily development consists of 40 single-family homes on approximately 6.7 acres in the City of Urbana. The design of these homes is popular with tenants. Each home is 1144 SF with 3 bedrooms, 1 full bathroom, a large kitchen, and a walk-in closet. Appliances will convey. Tenants pay all utilities and trash pickup.
Income/Expenses
- Gross Income
- 267013
- Net Operating Income
- 127508
- Total Expenses
- 139505
Addl Acceptance Cond
- None Known
- Yes
T Reimburses L
- Curr Yr Est $/SF TRL
- 0
Heat Fuel
- Electric
- Yes
Heat Type
- Forced Air
- Yes
- Heat Pump
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Heat Fuel:
Electric
Heat Type:
Forced Air; Heat Pump
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Howard Hanna Real Estate Svcs
Listing Agent:
Daniel J Bagi
Last Updated: February - 24 - 2025
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