8305 Lariat Court, Powell, OH 43065
$950,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
19,602
Status:
Closed
Current Price:
$950,000
List Date:
10/26/2022
Last Modified:
2/26/2025
Description
Offered today is a package of 6 well cared for and fully occupied rental units in the Powell / Smokey row area of Columbus Ohio. These townhomes have full basements, off street parking, fenced concrete patios, and central air. Tenants pay all utilities including water. All utilities are individually metered. The current owner has been paying professional contractors top dollar to maintain and update the property. An experienced landlord has the opportunity to drastically improve cash flow with better managed maintenance costs and by raising the rents to market levels.
Supplements: ********
More Information MLS# 222039957
Location & Property Info
List Price/SqFt: 166.67
City (Mailing Addr): Powell
Corp LimitPerAuditor: Columbus
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Occupancy Rate: 100
Built Prior to 1978: No
Building Sqft: 7200
Use Code: 551 - OTHER RESIDENTIAL
Number of Units: 6
Year Built: 1984
Acreage: 0.45
Tax Info
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 610-186964-00
610-186965-00
610-186966-00
610-186967-00
610-186968-00
Tax Abatement: No
Taxes (Yrly): 1884
Parcel #: 610-186963
Tax Year: 2021
Remarks & Misc
Property Description: Offered today is a package of 6 well cared for and fully occupied rental units in the Powell / Smokey row area of Columbus Ohio. These townhomes have full basements, off street parking, fenced concrete patios, and central air. Tenants pay all utilities including water. All utilities are individually metered. The current owner has been paying professional contractors top dollar to maintain and update the property. An experienced landlord has the opportunity to drastically improve cash flow with better managed maintenance costs and by raising the rents to market levels.
Status Change Info
Sold Price/SqFt: 131.94
Under Contract Date: 2022-12-30
Sold Date: 2023-01-12
Sold Price: $950,000
Income/Expenses
Gross Income: 72140
Net Operating Income: 52645
Total Expenses: 19495
Addl Acceptance Cond
None Known: 1
Financials
Financials ForYearOf: 2021
Expenses
R.E. Taxes: 10734
2 Bedroom
2 Bedroom # of Units: 4
Construction
Frame: 1
3 Bedroom
3 Bedroom # of Units: 2
Sewer
Public Sewer: 1
Miscellaneous
Basement: 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
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 1300000
Sold Price: $950,000
Property Sub Type: Townhouse
Street #: 8305
Street Name: Lariat
Street Suffix: Court
County: Franklin
State: OH
Zip Code: 43065
School District: WORTHINGTON CSD 2516 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2022-10-26
Property Features
Addl Acceptance Cond: None Known
Tenant Pays: Electricity; Gas; Sewer; Water
Heating: Forced Air
Air Conditioning: Central Air
Construction: Frame
Sewer: Public Sewer
Miscellaneous: Basement
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
B.O.S.S. Realty Group
Listing Agent:
Matthew R Chess
Last Updated: February - 26 - 2025
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