4496 Reinbeau Drive, Columbus, OH 43232 (MLS# 223003413)

$2,675,000

4496 Reinbeau Drive
Columbus, OH 43232
MLS# 223003413

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Property Description
Cardinal Built ...41 Apartments..Ranch Style. Private Entries. Patios..High Rental Demand...Great Design. Low maintenance interiors. This was the first community built by Cardinal Industries 33 - 1BR - 1 bath 576 sf Avg Rent $675 3 - 2BR - 1 bath 864 sf Avg Rent $725 4 - Studios - 1 bath 288 sf Avg Rent $575 1 - 3 BR 1 bath 1152 sf Rent $795 Also has Rental Office/Storage unit Plenty of paved parking. Near all conveniences. Plenty of upside potential for additional income Please do not disturb residents. No owner financing. Contingent curbside offers only. Thank you

Details

Location & Property Info

Original List Price: 2800000

List Price: $2,675,000

List Price/SqFt: 774.02

Sub-Type: Flat

Street #: 4496

Street Name: Reinbeau

Street Suffix: Drive

County: Franklin

City (Mailing Addr): Columbus

State: OH

Zip Code: 43232

School District: GROVEPORT MADISON LSD 2507 FRA CO.

Corp LimitPerAuditor: None

Township: Madison

Office/Contract Info

Buy Brkr/Tenant Rep: Yes

BB/TR Amount: 2

BB/TR Amount Type: Percent

Sub Agency: No

Sold Non-MLS: No

Status: Active

MLS Entry Date: 2023-02-10

For Sale: Yes

Exchange: No

General Property Info

Number of Units: 41

# of Buildings: 7

Building Sqft: 3456

Year Built: 1973

Built Prior to 1978: Yes

Occupancy Rate: 95

Acreage: 2.27

Tax Info

Parcel #: 180-000419

Mult Parcels/Sch Dis: Yes

Addl Parcel Numbers: 180-000792-00 180-003932-00 180-004905-00

Tax Year: 2021

Tax Abatement: No

Taxes (Yrly): 32936

Tax Incentive: No

Income/Expenses

Gross Income: 305748

Net Operating Income: 188291

Total Expenses: 117457

Efficiency

Efficiency # of Units: 4

Efficiency Month Rent Per Unit: 575

1 Bedroom

1 Bedroom # of Units: 33

1 Bedroom Month Rent Per Unit: 675

2 Bedroom

2 Bedroom # of Units: 3

2 Bedroom Month Rent Per Unit: 725

3 Bedroom

3 Bedroom # of Units: 1

3 Bedroom Month Rent Per Unit: 795

Expenses

R.E. Taxes: 32936

Property Insurance: 8019

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known

Tenant Pays: Electricity; Sewer; Water

Heat Fuel: Electric

Heating: Radiant

Air Conditioning: Other

Construction: Frame

Sewer: Public Sewer

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

Alternate Uses: Residential

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Thomas Fortin & Company LLC.

Listing Agent: Thomas Fortin

Last Updated: May - 04 - 2024

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

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