988-998 Heyl Avenue, Columbus, OH 43206
$1,070,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$1,070,000
List Date:
10/12/2024
Last Modified:
12/19/2024
Description
Updated 6 unit brick townhome complex in Southern Orchards! Fully leased and ready for a turn-key or 1031 investor. 100% 15 year tax abatement has been approved (through 2038). Each unit features French oak vinyl plank flooring, LED lighting, first floor laundry, granite countertops and stainless appliances (one unit has white appliances). Private basements for storage and fenced in backyard area for every two units. Average gross rent which includes water and pet fees is $1425 per mo/unit. Professional management in place and all leases run throughout 2025. Potential for individual condo conversion/resale or short/mid-term rentals given the close proximity to Nationwide Children's Hospital, German Village and Downtown Columbus.
Supplements: ********
More Information MLS# 224036526
Location Property Info
Original List Price: 1150000
Sold Price: $1,070,000
Property Sub Type: Townhouse
Street #: 988-998
Street Name: Heyl
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43206
Subdiv/Cmplx/Comm: Southern Orchards
School District: COLUMBUS CSD 2503 FRA CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2024-10-12
General Property Info
Number of Units: 6
Building Sqft: 6619
Year Built: 1924
Built Prior to 1978: Yes
Acreage: 0.14
Tax Info
Parcel #: 010-008254
Tax Year: 2023
Tax Abatement: Yes
Abatement End Date: 2038-12-31
Taxes (Yrly): 6461
Status Change Info
Under Contract Date: 2024-10-21
Sold Date: 2024-12-18
Sold Price: $1,070,000
Sold Price/SqFt: 161.66
2 Bedroom
2 Bedroom # of Units: 6
2 Bedroom Month Rent Per Unit: 1425
Auction Info
Auction/Online Bidding Y/N: No
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Property Features
Addl Acceptance Cond: None Known
Parking Features: On Street
Tenant Pays: Electricity; Gas; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air
Construction: Brick
Sewer: Public Sewer
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Lim Realty Group
Listing Agent: Daniel Lim
Last Updated: December - 19 - 2024
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