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
Overview
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.
Listing Details MLS# 216013083
Location Property Info
- Original List Price
- 1300000
- 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
- MLS Entry Date
- 2016-04-21
General Property Info
- Number of Units
- 40
- # of Buildings
- 6
- Total Parking
- 80
- Year Built
- 1963
- Built Prior to 1978
- Yes
- Occupancy Rate
- 100
- Acreage
- 1.68
Tax Info
- Parcel #
- 010-134957
- Zoning
- ARI
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- Total of 4 parcels - 010-134957 010-134958 010-132283 010-132359
- Tax Year
- 2015
- Taxes (Yrly)
- 33652.76
- Tax Incentive
- No
Status Change Info
- Under Contract Date
- 2016-05-06
- Sold Date
- 2016-07-11
2 Bedroom
- 2 Bedroom # of Units
- 40
- 2 Bedroom Month Rent Per Unit
- 550
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
- Dist To Intersxn
- 0.5
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
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
- Yes
Construction
- Block
- Yes
- Frame
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- On Street
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Storm Sewer
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- 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
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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