908 N Meadows Court, Columbus, OH 43229
$1,252,456
Property Type:
Multi-Family
Lot Size (sq. ft.):
73,181
Status:
Closed
Current Price:
$1,252,456
List Date:
4/21/2016
Last Modified:
1/14/2025
Description
Portfolio of 40 two-bedroom townhouse apartments with basements available for sale in North Columbus. These apartments are fully rented with a waiting list, with one unit being used as a rental office. Income numbers provided are based off of owner's 2015 tax return, not proforma, showing a 10.10% cap rate. Additional income could be added by leasing out the unit used as the rental office. This portfolio is comprised of four 4 family buildings and two 12-family buildings on a total of 4 parcels, Curb Offers only.
Supplements: ********
More Information MLS# 216013083
Location & Property Info
City (Mailing Addr): Columbus
Corp LimitPerAuditor: Columbus
Dist To Intersxn: 0.5
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 6
Occupancy Rate: 100
Built Prior to 1978: Yes
Total Parking: 80
Number of Units: 40
Year Built: 1963
Acreage: 1.68
Tax Info
Zoning: ARI
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: Total of 4 parcels -
010-134957
010-134958
010-132283
010-132359
Taxes (Yrly): 33652.76
Tax Incentive: No
Parcel #: 010-134957
Tax Year: 2015
Remarks & Misc
Property Description: Portfolio of 40 two-bedroom townhouse apartments with basements available for sale in North Columbus. These apartments are fully rented with a waiting list, with one unit being used as a rental office. Income numbers provided are based off of owner's 2015 tax return, not proforma, showing a 10.10% cap rate. Additional income could be added by leasing out the unit used as the rental office. This portfolio is comprised of four 4 family buildings and two 12-family buildings on a total of 4 parcels, Curb Offers only.
Income/Expenses
Gross Income: 230012
Net Operating Income: 131284
Total Expenses: 98728
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 40
2 Bedroom Month Rent Per Unit: 550
Construction
Block: 1
Frame: 1
Heat Fuel
Gas: 1
Parking Features
On Street: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 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
Owner Pays
Trash: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1300000
Sold Price: $1,252,456
Property Sub Type: Townhouse
Street #: 908
Street PreDirection: N
Street Name: Meadows
Street Suffix: Court
County: Franklin
State: OH
Zip Code: 43229
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2016-04-21
Status Change Info
Under Contract Date: 2016-05-06
Sold Date: 2016-07-11
Sold Price: $1,252,456
Property Features
Addl Acceptance Cond: None Known
Parking Features: On Street
Owner Pays: Trash
Tenant Pays: Electricity; Gas; Sewer; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Block; Frame
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Best Corporate Real Estate
Listing Agent:
James M Mangas
Last Updated: January - 14 - 2025
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