777 Milcrest Drive, Marysville, OH 43040 (MLS# 214033507)

$909,000

777 Milcrest Drive
Marysville, OH 43040
MLS# 214033507
Status: Closed

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Property Description
This is a 16 unit standalone property. Unit configuration is all garden flats of approximately 950 square feet each. All units have two full bedrooms and two full bathrooms. Water utility is electronically submetered by Pioneer. Current rents are $710/mo., but could be increased to $750-$775/mo. in accordance with the surrounding market.

Details

Location & Property Info

Original List Price: 909000

Sold Price: $900,000

Sub-Type: Flat

Street #: 777

Street Name: Milcrest

Street Suffix: Drive

County: Union

City (Mailing Addr): Marysville

State: OH

Zip Code: 43040

School District: MARYSVILLE EVSD 8002 UNI CO.

Corp LimitPerAuditor: Marysville

Township: Paris

Office/Contract Info

Buy Brkr/Tenant Rep: No

Sub Agency: Yes

SA Amount: 2

SA Amount Type: Percent

Sold Non-MLS: No

Status: Closed

MLS Entry Date: 2014-07-28

For Sale: Yes

Exchange: No

General Property Info

Number of Units: 16

Year Built: 1999

Built Prior to 1978: No

Occupancy Rate: 100

Lot Size (Side): Irregular

Acreage: 1.65

Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 2900021330000

Zoning: Multi-Family

Mult Parcels/Sch Dis: No

Tax Year: 2014

Taxes (Yrly): 21618.04

Tax Incentive: No

Status Change Info

Under Contract Date: 2014-12-02

Sold Date: 2015-02-09

Sold Price: $900,000

Income/Expenses

Gross Income: 136320

Net Operating Income: 83009

Total Expenses: 37295

2 Bedroom

2 Bedroom # of Units: 16

Financials

Financials ForYearOf: 2013

Expenses

R.E. Taxes: 21618

Property Insurance: 1460

Repairs&Maintenance: 11100

Electricity Expense: 2500

Accounting & Legal: 100

Misc Expense: 1800

Property Features

Addl Acceptance Cond: None Known

Parking Type: 2 Off Street

Owner Pays: Sewer; Trash

Tenant Pays: Electricity; Water

Heat Fuel: Electric

Heating: Forced Air

Air Conditioning: Central

Construction: Block; Frame

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

Miscellaneous: Building Plans

New Financing: Conventional

MLS Primary PhotoSrc: Realtor Provided

Listing Office: Horizons Asset Management, LLC

Listing Agent: Douglas Mann

Last Updated: February - 08 - 2018

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

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