614-595-1144 [email protected]

4446 Mathews Avenue, Obetz, OH 43207 (MLS# 222018149)


$475,000
4446 Mathews Avenue
Obetz, OH 43207
MLS# 222018149
Status: Closed



4446 Mathews Avenue, Obetz, OH 43207
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Property Description
5 Unit Apartment Building! Amazing opportunity to own a turn key, cash flowing apartment building in the rapidly growing community of Obetz. Property is 100% occupied, producing $4,320 per month in rents with room to generate more! Many updates already completed including exterior paint and shutters, concrete patios, designated parking area and vinyl replacement windows. 3 of 5 units have been renovated within the last year and include LVP flooring, updated baths and kitchens featuring new cabinets, countertops, stainless steel appliances, stackable washer and dryer, interior doors and more. All units are 2 bed/1 bath. Do not disturb tenants. Currently accepting curb offers only. Once in contract, walk through and inspection can be completed. Agent is member of selling entity.

Details
Location & Property Info
Original List Price: 475000
Sold Price: $473,000
List Price/SqFt: 158.33
Sub-Type: Combination
Street #: 4446
Street Name: Mathews
Street Suffix: Avenue
County: Franklin
City (Mailing Addr): Obetz
State: OH
Zip Code: 43207
Subdiv/Cmplx/Comm: Obetz
School District: HAMILTON LSD 2505 FRA CO.
Corp LimitPerAuditor: Obetz
Township: Hamilton
Office/Contract Info
Buy Brkr/Tenant Rep: Yes
BB/TR Amount: 3
BB/TR Amount Type: Percent
Sub Agency: No
Sold Non-MLS: No
Status: Closed
MLS Entry Date: 2022-05-25
Active on MLS: 2022-05-27
For Sale: Yes
Exchange: No
General Property Info
Number of Units: 5
# of Buildings: 1
Total Parking: 10
Building Sqft: 3000
Year Built: 1969
Built Prior to 1978: Yes
Occupancy Rate: 100
Acreage: 0.09
Tax Info
Parcel #: 152-000171
Tax Year: 2021
Tax Abatement: No
Taxes (Yrly): 2760
Status Change Info
Under Contract Date: 2022-05-27
Sold Date: 2022-06-10
Sold Price: $473,000
Sold Price/SqFt: 157.67
Income/Expenses
Gross Income: 51840
Net Operating Income: 34992
Total Expenses: 16848
2 Bedroom
2 Bedroom # of Units: 5
2 Bedroom Month Rent Per Unit: 864
Financials
Gross Rental Income: 51840
Expenses
R.E. Taxes: 3164
Property Insurance: 2400
Repairs&Maintenance: 2500
Property Management: 5184
Water Expense: 3600
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 Type: 2 Off Street; Common Area
Owner Pays: Trash; Water
Tenant Pays: Electricity; Gas
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Window
Construction: Brick; Stucco
Sewer: Public Sewer
Services Available: Electric; Gas; Sanitary Sewer; Water
MLS Primary PhotoSrc: Realtor Provided

Listing Office: Plowman Properties LLC.

Listing Agent: Justin Hamilton

Last Updated: June - 21 - 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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