6900 Gemstar Road, Reynoldsburg, OH 43068 (MLS# 220021241)

$850,000

6900 Gemstar Road
Reynoldsburg, OH 43068
MLS# 220021241
Status: Closed

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Property Description
6900 - 6928 Gemstar Rd. Don't miss out on this Great Investment! Eight 3 bedroom, 2.5 bath Townhouse units on one parcel of land. 4 separate buildings. All units are currently leased. Rents run between $850-$900 per unit and could be more. Each unit has separate gas, electric and water meters and the tenants pay all per the lease agreement. A Reynoldsburg mailing address with Groveport Schools.

Details

Documents

Location & Property Info

Original List Price: 850000

Sold Price: $850,000

List Price/SqFt: 76.16

Sub-Type: Townhouse

Street #: 6900

Street Name: Gemstar

Street Suffix: Road

County: Franklin

City (Mailing Addr): Reynoldsburg

State: OH

Zip Code: 43068

Subdiv/Cmplx/Comm: Independence Village

School District: GROVEPORT MADISON LSD 2507 FRA CO.

Dist To Intersxn: 2

Corp LimitPerAuditor: Columbus

Township: None

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: 2020-07-01

For Sale: Yes

Exchange: No

General Property Info

Number of Units: 8

# of Buildings: 4

Total Parking: 22

Building Sqft: 11160

Year Built: 1987

Built Prior to 1978: No

Occupancy Rate: 100

Acreage: 0.78

Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 530-210669

Zoning: C- commercial

Mult Parcels/Sch Dis: No

Tax Year: 2020

Tax Abatement: No

Taxes (Yrly): 10030

Tax Incentive: No

Status Change Info

Under Contract Date: 2020-09-04

Sold Date: 2020-09-04

Sold Price: $850,000

Sold Price/SqFt: 76.16

Income/Expenses

Gross Income: 81795

Net Operating Income: 62838

Total Expenses: 18956

3 Bedroom

3 Bedroom # of Units: 8

3 Bedroom Month Rent Per Unit: 875

Financials

Financials ForYearOf: 2019

Gross Rental Income: 81795

Effective Income: 62838

Expenses

R.E. Taxes: 10030

Repairs&Maintenance: 12000

Accounting & Legal: 2000

Property Management: 4956

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N

Seller/Buyer Concessions: Y

Property Features

Addl Acceptance Cond: None Known

Parking Type: 1 Car Garage; Attached Garage; Opener; Shared Driveway; 2 Off Street; Common Area

Owner Pays: Trash

Tenant Pays: Electricity; Gas; Sewer; Water

Heat Fuel: Gas

Heating: Forced Air

Air Conditioning: Central

Construction: Block; Frame; Vinyl Siding

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

Miscellaneous: Basement; Garages; Public Transport; W/D Hookups

Alternate Uses: Residential

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Hardwick, Inc. Real Estate

Listing Agent: Steven Hardwick

Last Updated: September - 08 - 2020

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

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