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
Overview
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!
Listing Details MLS# 213014736
Location Property Info
- Original List Price
- 1399000
- 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
- MLS Entry Date
- 2013-05-01
General Property Info
- Number of Units
- 50
- # of Buildings
- 9
- Building Sqft
- 52016
- Year Built
- 1971
- Built Prior to 1978
- Yes
- Occupancy Rate
- 76
- Acreage
- 3.37
- Use Code
- 403 - APARTMENT:40+ UNITS
Tax Info
- Parcel #
- 010-126650
- Zoning
- AR-3
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2012
- Taxes (Yrly)
- 27486.78
Status Change Info
- Under Contract Date
- 2014-02-07
- Sold Date
- 2014-02-19
- Sold Price/SqFt
- 17.3
2 Bedroom
- 2 Bedroom # of Units
- 33
- 2 Bedroom Month Rent Per Unit
- 524
More Information
3 Bedroom
- 3 Bedroom # of Units
- 17
- 3 Bedroom Month Rent Per Unit
- 588
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- N
Lease Information
- Was Leased
- No
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
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!
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
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
- Building Plans
- Yes
- Security System
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
Air Conditioning
- Central Air
- Yes
Owner Pays
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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