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
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.
Supplements: ********
More Information MLS# 222023458
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
General Property Info
Total SqFt Available: 45760
Bldg Sq Ft: 45760
Max Cont Sqft Avail: 45760
Minimum Sqft Avail: 45760
# of Docks: 0
Year Built: 2004
Acreage: 6.69
Tax Info
Tax Abatement: No
Taxes (Yrly): 52566
Parcel #: K48-25-11-04-37-008-00
Tax Year: 2021
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.
Status Change Info
Sold Price/SqFt: 49.17
Under Contract Date: 2022-07-12
Sold Date: 2022-10-12
Sold Price: $2,250,000
Income/Expenses
Gross Income: 267013
Net Operating Income: 127508
Total Expenses: 139505
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Heat Fuel
Electric: 1
Heat Type
Forced Air: 1
Heat Pump: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 3000000
Sold Price: $2,250,000
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
Status: Closed
MLS Entry Date: 2022-06-25
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 Bagi
Last Updated: February - 24 - 2025
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