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
Overview
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.
Listing Details MLS# 222036139
Location Property Info
- Original List Price
- 1400000
- 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
- MLS Entry Date
- 2022-09-23
General Property Info
- Number of Units
- 8
- Building Sqft
- 10836
- Year Built
- 1920
- Built Prior to 1978
- Yes
- Acreage
- 0.29
- Use Code
- 401 - APARTMENT:4-19 UNITS
Tax Info
- Parcel #
- 010-041402
- Mult Parcels/Sch Dis
- No
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 28996
Status Change Info
- Under Contract Date
- 2022-10-21
- Sold Date
- 2022-12-02
- Sold Price/SqFt
- 129.2
2 Bedroom
- 2 Bedroom # of Units
- 8
- 2 Bedroom Month Rent Per Unit
- 1200
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
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
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.
Income/Expenses
- Gross Income
- 115809
- Net Operating Income
- 80432
- Total Expenses
- 35377
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Sewer
- Public Sewer
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- W/D Hookups
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- 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
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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