700 Franklin Avenue, Columbus, OH 43205
$1,350,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
12,197
Status:
Closed
Current Price:
$1,350,000
List Date:
7/09/2018
Last Modified:
1/25/2025
Description
REMARKABLE BRICK 12 UNIT (3) BEDROOMS (1) BTH. PLUS ADDITIONAL LOT ADJACENT LOT WITH 11 GARAGE AND BUILD OUT TO PUT CARRIAGE HOUSE APT ABOUT 1 GARAGE. LOCATED AT THE CORNER OF PARSONS AND FRANKLIN AVE. IN HISTORIC OLDE TOWNE EAST. RENTS RANGE FROM $1000-1200 HUGH BASEMENT MIGHT SERVE FOR ADDITIONAL UNITS IN A CONDO CONVERSION PROJECT, GREAT RENTAL ADDITIONAL UPDATES TO KITCHEN AND BATHS TO HELP THIS GREAT BUILDING REACH ITS FULL RENTAL POTENTIAL. HARDWOOD FLOORS, SUN PORCHES, W/D HOOK UPS FRONT AND BACK ENTRANCES, CLASSIC ENTRY WITH TERRAZZO FLRS, WROUGHT IRON RAILS.
Supplements: ********
More Information MLS# 218006892
Location Property Info
Original List Price: 2000000
Sold Price: $1,350,000
Property Sub Type: Midrise
Street #: 700
Street Name: Franklin
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43205
Subdiv/Cmplx/Comm: OLDE TOWNE EAST
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2018-03-10
General Property Info
Number of Units: 12
# of Buildings: 2
Total Parking: 11
Building Sqft: 28068
Year Built: 1900
Built Prior to 1978: Yes
Occupancy Rate: 85
Lot Size (Side): 81
Acreage: 0.28
Use Code: 401 - APARTMENT:4-19 UNITS
Tax Info
Parcel #: 010-036405
Addl Parcel Numbers: 010-040702 724 FRANKLIN AVE.
Tax Year: 2017
Tax Abatement: No
Taxes (Yrly): 11748
Status Change Info
Under Contract Date: 2018-07-27
Sold Date: 2018-08-27
Sold Price: $1,350,000
Sold Price/SqFt: 48.1
3 Bedroom
3 Bedroom # of Units: 12
3 Bedroom Month Rent Per Unit: 1000
Financials
Financials ForYearOf: 2017
Gross Rental Income: 112099.39
Vac & Cr Loss: 4
Expenses
R.E. Taxes: 13123.55
Property Insurance: 4504.92
Off-Site Management: 10485.42
Repairs&Maintenance: 17622
Electricity Expense: 1944.14
Gas Expense: 956.41
Water Expense: 4223.24
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
Owner Pays: Trash
Tenant Pays: Electricity; Gas; Sewer; Water
Heat Fuel: Gas
Air Conditioning: Central Air
Construction: Brick
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement; Garages; Public Transport; W/D Hookups
Alternate Uses: Residential
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Carriage Trade Realty, Inc.
Listing Agent: Nina Masseria
Last Updated: January - 25 - 2025
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