769 Canonby Place, Columbus, OH 43223
$900,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
146,797
Status:
Closed
Current Price:
$900,000
List Date:
5/01/2013
Last Modified:
11/15/2024
Description
Reposition needed to realize a 12%+ Cap Rate! 76% occupied. Well maintained and improved brick 50 unit complex with 33 two-bedroom units & 17 three-bedroom units. Built in 1971, property provides 8 apartment buildings & 1 community building with leasing offices, group meeting rm, maintenance rm & laundry rm. Average Rents = $542 (2 BR's ave $524/mo & 3 BR's ave $588/mo). Out of state owners selling Ohio investments. Could be coupled with 28 unit complex 3 mi away. Motivated!
Supplements: ********
More Information MLS# 213014736
Location & Property Info
List Price/SqFt: 21.15
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.5
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 9
Occupancy Rate: 76
Built Prior to 1978: Yes
Building Sqft: 52016
Use Code: 403 - APARTMENT:40+ UNITS
Number of Units: 50
Year Built: 1971
Acreage: 3.37
Tax Info
Zoning: AR-3
Mult Parcels/Sch Dis: No
Taxes (Yrly): 27486.78
Parcel #: 010-126650
Tax Year: 2012
Remarks & Misc
Property Description: Reposition needed to realize a 12%+ Cap Rate! 76% occupied. Well maintained and improved brick 50 unit complex with 33 two-bedroom units & 17 three-bedroom units. Built in 1971, property provides 8 apartment buildings & 1 community building with leasing offices, group meeting rm, maintenance rm & laundry rm. Average Rents = $542 (2 BR's ave $524/mo & 3 BR's ave $588/mo). Out of state owners selling Ohio investments. Could be coupled with 28 unit complex 3 mi away. Motivated!
Status Change Info
Sold Price/SqFt: 17.3
Under Contract Date: 2014-02-07
Sold Date: 2014-02-19
Sold Price: $900,000
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 33
2 Bedroom Month Rent Per Unit: 524
Construction
Brick: 1
3 Bedroom
3 Bedroom # of Units: 17
3 Bedroom Month Rent Per Unit: 588
Heat Fuel
Gas: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
Building Plans: 1
Security System: 1
Tenant Pays
Gas: 1
Electricity: 1
Heating
Forced Air: 1
New Financing
Conventional: 1
Air Conditioning
Central Air: 1
Owner Pays
Sewer: 1
Trash: 1
Water: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Lease Information
Was Leased: No
Location Property Info
Original List Price: 1399000
Sold Price: $900,000
Property Sub Type: Townhouse
Street #: 769
Street Name: Canonby
Street Suffix: Place
County: Franklin
State: OH
Zip Code: 43223
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2013-05-01
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Sewer; Trash; Water
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Building Plans; Security System
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Howard Hanna Real Estate Svcs
Listing Agent:
Douglas T Tenenbaum
Last Updated: November - 15 - 2024
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