1303-1307 King Avenue, Columbus, OH 43212 (MLS# 221015728)

$2,500,000

1303-1307 King Avenue
Columbus, OH 43212
MLS# 221015728
Status: Closed

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Property Description
Great income generating investment property in the Grandview area between 5th St. and King Ave. just west of Northwest Blvd. PRIME LOCATION. 20 2 bedroom 1 bath flats in 3 buildings. The average rent is $915.50 and the total income per month is currently $18310. 4 units have brand new kitchens and baths and rent for $1185/month. The photos are of the remodeled unit. All units have washer/dryer closets and central air conditioning. Tenants pay gas, electric and water. Water is separately metered for each unit. Currently 100% occupied. Easy to rent in a high demand area. Agent has interest in property.

Details

Location & Property Info

Original List Price: 2500000

Sold Price: $2,500,000

List Price/SqFt: 140.86

Sub-Type: Flat

Street #: 1303-1307

Street Name: King

Street Suffix: Avenue

County: Franklin

City (Mailing Addr): Columbus

State: OH

Zip Code: 43212

School District: COLUMBUS CSD 2503 FRA CO.

Corp LimitPerAuditor: Columbus

Township: None

Office/Contract Info

Buy Brkr/Tenant Rep: Yes

BB/TR Amount: 2.5

BB/TR Amount Type: Percent

Sub Agency: No

Sold Non-MLS: No

Status: Closed

MLS Entry Date: 2021-05-12

For Sale: Yes

Exchange: No

General Property Info

Number of Units: 20

# of Buildings: 3

Total Parking: 22

Building Sqft: 17748

Year Built: 1960

Built Prior to 1978: Yes

Occupancy Rate: 100

Acreage: 0.52

Tax Info

Parcel #: 010-061740

Tax Year: 2020

Tax Abatement: No

Taxes (Yrly): 26229

Tax Incentive: No

Status Change Info

Under Contract Date: 2021-05-14

Sold Date: 2021-06-30

Sold Price: $2,500,000

Sold Price/SqFt: 140.86

Income/Expenses

Gross Income: 18310

2 Bedroom

2 Bedroom # of Units: 20

2 Bedroom Month Rent Per Unit: 915

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known

Parking Type: Common Area

Owner Pays: Trash

Tenant Pays: Electricity; Gas; Sewer; Water

Heat Fuel: Gas

Heating: Forced Air

Air Conditioning: Central

Construction: Brick

Services Available: Electric; Gas; Sanitary Sewer; Storm Sewer

Miscellaneous: W/D Hookups

Alternate Uses: Residential

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Columbus Realty Source, LLC

Listing Agent: Daniel Rubin

Last Updated: February - 08 - 2023

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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