730-748 N Nelson Road, Columbus, OH 43219
$1,060,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
45,738
Status:
Closed
Current Price:
$1,060,000
List Date:
10/25/2019
Last Modified:
2/05/2025
Description
A great opportunity to own a solid unit mix near downtown Columbus. This experienced owner-operator has completely renovated this property into a turn-key asset. It's ready for a new investor to enter the rapidly growing Columbus market or for a seasoned owner to add units to their portfolio and begin collecting rent immediately. While recently renovated, there is still a significant amount of investment upside available for value add investors.
Renovations in past 2 years include:
-All roofs (2018 & 2019)
- All furnaces
- All windows
- All interiors (flooring, cabinets, doors, shower surrounds)
- Most appliances (Oven, Refrigerator)
- 8 air-conditioner units
- Exterior landscaping
- Exterior fencing around the property
Supplements: ********
More Information MLS# 219040462
Location & Property Info
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Occupancy Rate: 100
Built Prior to 1978: Yes
Number of Units: 16
Year Built: 1958
Acreage: 1.05
Tax Info
Tax Abatement: No
Taxes (Yrly): 923
Parcel #: 010-034097
Tax Year: 2019
Remarks & Misc
Property Description: A great opportunity to own a solid unit mix near downtown Columbus. This experienced owner-operator has completely renovated this property into a turn-key asset. It's ready for a new investor to enter the rapidly growing Columbus market or for a seasoned owner to add units to their portfolio and begin collecting rent immediately. While recently renovated, there is still a significant amount of investment upside available for value add investors.
Renovations in past 2 years include:
-All roofs (2018 & 2019)
- All furnaces
- All windows
- All interiors (flooring, cabinets, doors, shower surrounds)
- Most appliances (Oven, Refrigerator)
- 8 air-conditioner units
- Exterior landscaping
- Exterior fencing around the property
Income/Expenses
Gross Income: 142644
Net Operating Income: 101286
Total Expenses: 41358
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 8
3 Bedroom
3 Bedroom # of Units: 8
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1125000
Sold Price: $1,060,000
Property Sub Type: Flat
Street #: 730-748
Street PreDirection: N
Street Name: Nelson
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43219
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2019-10-25
Status Change Info
Under Contract Date: 2019-11-23
Sold Date: 2020-01-06
Sold Price: $1,060,000
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
SVN Wilson Commercial
Listing Agent:
Kareem Amr
Last Updated: February - 05 - 2025
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