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
Overview
Description
Listing Details MLS# 218006892
Location Property Info
- Original List Price
- 2000000
- 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
- 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/SqFt
- 48.1
3 Bedroom
- 3 Bedroom # of Units
- 12
- 3 Bedroom Month Rent Per Unit
- 1000
More Information
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
Location & Property Info
- List Price/SqFt
- 60.57
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
- Dist To Intersxn
- 0.2
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property 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.
Income/Expenses
- Gross Income
- 112099
- Net Operating Income
- 83514
- Total Expenses
- 28584
Addl Acceptance Cond
- None Known
- Yes
Efficiency
- Efficiency Month Rent Per Unit
- 0
1 Bedroom
- 1 Bedroom Month Rent Per Unit
- 0
2 Bedroom
- 2 Bedroom Month Rent Per Unit
- 0
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- Garages
- Yes
- Public Transport
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Alternate Uses
- Residential
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Trash
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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 M Masseria
Last Updated: January - 25 - 2025
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