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
Overview
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.
Listing Details MLS# 222039957
Location Property Info
- Original List Price
- 1300000
- 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
- MLS Entry Date
- 2022-10-26
General Property Info
- Number of Units
- 6
- # of Buildings
- Yes
- Building Sqft
- 7200
- Year Built
- 1984
- Built Prior to 1978
- No
- Occupancy Rate
- 100
- Acreage
- 0.45
- Use Code
- 551 - OTHER RESIDENTIAL
Tax Info
- Parcel #
- 610-186963
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 610-186964-00 610-186965-00 610-186966-00 610-186967-00 610-186968-00
- Tax Year
- 2021
- Tax Abatement
- No
- Taxes (Yrly)
- 1884
Status Change Info
- Under Contract Date
- 2022-12-30
- Sold Date
- 2023-01-12
- Sold Price/SqFt
- 131.94
2 Bedroom
- 2 Bedroom # of Units
- 4
More Information
3 Bedroom
- 3 Bedroom # of Units
- 2
Financials
- Financials ForYearOf
- 2021
Expenses
- R.E. Taxes
- 10734
Auction Info
- Auction/Online Bidding Y/N
- No
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- N
Location & Property Info
- List Price/SqFt
- 166.67
- City (Mailing Addr)
- Powell
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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.
Income/Expenses
- Gross Income
- 72140
- Net Operating Income
- 52645
- Total Expenses
- 19495
Addl Acceptance Cond
- None Known
- Yes
Construction
- Frame
- Yes
Sewer
- Public Sewer
- Yes
Miscellaneous
- Basement
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
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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