869-893 N Meadows Court, Columbus, OH 43229

$1,018,500
Property Type: Multi-Family Lot Size (sq. ft.): 23,522 Status: Closed
Current Price: $1,018,500 List Date: 6/25/2014 Last Modified: 1/07/2025

Overview

Description

36 units on three parcels available for sale, at $30k per unit. Great investment opportunity. A majority of the units have already been renovated, the roof was replaced 2010, windows were replaced in 2003, and all mechanicals are updated & modern. The property is truly ready for someone to come in and maximize profits. Every unit is 2 bedrooms with one full bath and a basement. 7 buildings in total, with 4 buildings having 6 units and 3 buildings have 4 units. Average rent is around $600/month per unit.

Listing Details MLS# 214029050

Location Property Info

Original List Price
1080000
Property Sub Type
Townhouse
Street #
869-893
Street PreDirection
N
Street Name
Meadows
Street Suffix
Court
County
Franklin
State
OH
Zip Code
43229
Subdiv/Cmplx/Comm
North Meadows Apartments
School District
COLUMBUS CSD 2503 FRA CO.
Township
None

OfficeContract Info

MLS Entry Date
2014-06-24

General Property Info

Number of Units
36
# of Buildings
7
Total Parking
2
Building Sqft
7290
Year Built
1963
Built Prior to 1978
Yes
Occupancy Rate
75
Acreage
0.54

Tax Info

Parcel #
010-134961
Mult Parcels/Sch Dis
Yes
Addl Parcel Numbers
010-134962 010-134963
Tax Year
2013
Taxes (Yrly)
22409

Status Change Info

Under Contract Date
2014-07-16
Sold Date
2014-09-24
Sold Price/SqFt
139.71

2 Bedroom

2 Bedroom # of Units
36

More Information

Location & Property Info

List Price/SqFt
148.15
City (Mailing Addr)
Columbus
Corp LimitPerAuditor
Columbus

Office/Contract Info

For Sale
Yes
Exchange
No

Remarks & Misc

Property Description
36 units on three parcels available for sale, at $30k per unit. Great investment opportunity. A majority of the units have already been renovated, the roof was replaced 2010, windows were replaced in 2003, and all mechanicals are updated & modern. The property is truly ready for someone to come in and maximize profits. Every unit is 2 bedrooms with one full bath and a basement. 7 buildings in total, with 4 buildings having 6 units and 3 buildings have 4 units. Average rent is around $600/month per unit.

Income/Expenses

Gross Income
213681
Net Operating Income
180600
Total Expenses
33081

Addl Acceptance Cond

None Known
Yes

Construction

Brick
Yes

Heat Fuel

Gas
Yes

Miscellaneous

Basement
Yes
W/D Hookups
Yes

Tenant Pays

Gas
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; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Miscellaneous: Basement; W/D Hookups MLS Primary PhotoSrc: Realtor Provided
Listing Office: Core Ohio, Inc.
Listing Agent: Matthew D Cochrell
Last Updated: January - 07 - 2025
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