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
Overview
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.
Listing Details MLS# 224036526
Location Property Info
- Original List Price
- 1150000
- 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
- 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/SqFt
- 161.66
2 Bedroom
- 2 Bedroom # of Units
- 6
- 2 Bedroom Month Rent Per Unit
- 1425
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Sale Info
- Seller Assisted Fin
- N
- Seller/Buyer Concessions
- N
Location & Property Info
- List Price/SqFt
- 173.74
- City (Mailing Addr)
- Columbus
- Corp LimitPerAuditor
- Columbus
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property 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.
Income/Expenses
- Gross Income
- 0
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
Heat Fuel
- Gas
- Yes
Parking Features
- On Street
- Yes
Sewer
- Public Sewer
- 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
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 J Lim
Last Updated: December - 19 - 2024
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