79 E Arcadia Avenue, Columbus, OH 43202
$1,400,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$1,400,000
List Date:
9/28/2022
Last Modified:
2/25/2025
Description
The completely renovated property is located just a block from High Street in the desirable south Clintonville area. The all-brick, two-story building contains eight 2BD/1BA townhouse units each with front and rear patios, full basements with washer/dryer hook-ups and ample off-street parking. All but one unit (which is currently being renovated) have received new high-end kitchens and baths with LVT floors. Other recent improvements include new HVACs (all units), roof, iron patio railings, windows, doors and more. Tenants pay all utilities. The property is completely occupied with the exception of the unit being renovated. Rents are $1,200 (4), $1,185 (1), $1,175 (1) and $1,095 (1). The current owner has not pushed rents, therefore an opportunity exists for immediate rental upside.
Supplements: ********
More Information MLS# 222036139
Location & Property Info
List Price/SqFt: 129.2
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Office/Contract Info
Active on MLS: 2022-09-27
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 10836
Use Code: 401 - APARTMENT:4-19 UNITS
Number of Units: 8
Year Built: 1920
Acreage: 0.29
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 28996
Parcel #: 010-041402
Tax Year: 2021
Remarks & Misc
Property Description: The completely renovated property is located just a block from High Street in the desirable south Clintonville area. The all-brick, two-story building contains eight 2BD/1BA townhouse units each with front and rear patios, full basements with washer/dryer hook-ups and ample off-street parking. All but one unit (which is currently being renovated) have received new high-end kitchens and baths with LVT floors. Other recent improvements include new HVACs (all units), roof, iron patio railings, windows, doors and more. Tenants pay all utilities. The property is completely occupied with the exception of the unit being renovated. Rents are $1,200 (4), $1,185 (1), $1,175 (1) and $1,095 (1). The current owner has not pushed rents, therefore an opportunity exists for immediate rental upside.
Status Change Info
Sold Price/SqFt: 129.2
Under Contract Date: 2022-10-21
Sold Date: 2022-12-02
Sold Price: $1,400,000
Income/Expenses
Gross Income: 115809
Net Operating Income: 80432
Total Expenses: 35377
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 8
2 Bedroom Month Rent Per Unit: 1200
Construction
Brick: 1
Heat Fuel
Gas: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
Basement: 1
W/D Hookups: 1
Tenant Pays
Gas: 1
Sewer: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
Central Air: 1
Owner Pays
Trash: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1400000
Sold Price: $1,400,000
Property Sub Type: Townhouse
Street #: 79
Street PreDirection: E
Street Name: Arcadia
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43202
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2022-09-23
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Trash
Tenant Pays: Electricity; Gas; Sewer; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement; W/D Hookups
MLS Primary PhotoSrc: Realtor Provided
Documents
Lead Based Paint Disclosure ›
Listing Office:
Brown Multifamily Advisors,LLC
Listing Agent:
Matthew R Brown
Last Updated: February - 25 - 2025
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