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3641 Eakin Road

Columbus, OH 43204
  • $3,200,000
  • STATUS: Active
  • ON SITE: 194 Days
  • MLS #: 223025552
UPDATED: 51 min ago
$3,200,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 31,104
    SQFT
  • $103
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

School District:

Description

This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $850 a month the return on this portfolio should be north of 9%.

Monthly Payment Calculator



© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Raines Group Real Estate Services. Data last updated: 2024-02-20T19:52:25.46.
www.columbusohiohomesearch.com/homes/142277727
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3641 Eakin Road Columbus, OH 43204

  • Price: $3,200,000
  • Status: Active
  • On Site: 194 Days
  • Updated: 51 min ago
  • MLS #: 223025552
0
Beds
0
Baths
0
½ Baths
0.2
Acres
31,104
SQFT
$103
$/SQFT
1963
Built
Neighborhood:
Westgate Terrace
County:
Franklin
Area:
Columbus
School District:
Columbus Csd 2503 Fra Co.
Property Description
This portfolio has had major improvements completed over the last five years. Mostly new windows & sliders, gutters, soffits, the metal decks and stairs have been repaired/replaced and the parking lots have been resurfaced. All units have been updated some with new cabinets, doors, LVT flooring and most units have new furnaces and hot water tanks. With the current rent roll the CAP rate on this portfolio is just shy of 6.8%. The new owner should see a reduced rate of expenses due to the improvements that have been completed. There are 4 vacant units, some with accepted applications. Once leased 14 units will be at $850 a month. With all 36 units being leased at $850 a month the return on this portfolio should be north of 9%.
Exterior Features

Construction Brick Parking Type Common Area

Interior Features

Air Conditioning Window Heat Fuel Gas Heating Forced Air

Property Features

2 Bedroom Monthly Rent Per Unit 850.00 2 Bedroom Units 36 Auction No Between Street1 Kingsford Between Street2 Wedgewood Built Prior To1978 Yes Corp Limit Per Auditor Columbus For Exchange No For Sale Yes Mult Parcels Sch Dis Yes Multifamily Sub Type Flat Owner Pays Trash Sewer Public Sewer Tax District 010 Tax Year 2023 Taxes Yearly 33596.98 Tenant Pays ElectricityGasWater Township None

Listing provided courtesy of Bryan Jarrett of Keller Williams Capital Ptnrs: (614) 888-1000.


© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Raines Group Real Estate Services. Data last updated: 2024-02-20T19:52:25.46.
 
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New Albany OH, 43054