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- LoopNet Team
101 E 14th Ave
Columbus, OH 43201
Ohio State University / OSU 23 Unit · Multifamily Property For Sale
·
23 Units
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Disposal
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
ABOUT 101 E 14TH AVE , COLUMBUS, OH 43201
A++ Location West of Indianola. This property is comprised of 23 studio units, on-site maintenance office, on-site coin-op laundry room, and 5 off-street parking spaces. Units are heated via a Gas-Boiler Heat System (2007). Owner currently pays Water (one meter) and Gas. Tenants pay electric and wifi/cable. Current occupancy is 100% (has been 100% occupied since 1993). Half a block from high street, Starbucks, Ohio State Campus. This property is available for sale for the first time in 20 years. The current rents are low at $525 / month. Market rents are $695-725 / month. Coin-op Laundry grosses approx. $3,000 per year. New ownership can drive NOI by increasing rents, billing back Water/Gas, and increasing parking rate ($25 currently). Current owner has not pre-leased for 2018-2019 school year (many tenants would like to stay). Prospective buyers must present proof of funds when submitting an offer. Curb offers only. Expenses only include taxes.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 23 | $525.00 | 600 |
PROPERTY TAXES
| Parcel Number | 010-019000 | Improvements Assessment | $408,700 |
| Land Assessment | $38,400 | Total Assessment | $447,100 |
PROPERTY TAXES
