247 S 18th St | Columbus, OH 43205
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- LoopNet Team
247 S 18th St
Columbus, OH 43205
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Brick 8-unit in Olde Towne East - 6.94% Current Cap Rate
- $5,745/mo Gross Rents + tenants pay all utilities - Rents from $585-850/mo (Ave Rent = $718/mo)
- Completely renovated in 2003 – Roof (2014) New flooring (past 5-7 yrs) - 10 car parking lot complete asphalt replacement (2018)
- 1 BR/1 BA garden units – 529 SF/unit - 7 units on M2M leases
- Keypad access gated & landscaped courtyard - Well maintained & improved / no deferred maintenance
- Coin-op laundry in Basement (2020) + storage room is ideal for creating tenant storage units
Property Facts
| No. Units | 8 | Building Size | 4,230 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 2.36/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R3 - Allows a mix of residential housing types, including single-family homes, duplexes, townhouses, and sometimes small apartment buildings. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,230 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.36/1,000 SF |
| Zoning | R3 - Allows a mix of residential housing types, including single-family homes, duplexes, townhouses, and sometimes small apartment buildings. |
Amenities
Site Amenities
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $784.00 | 529 |
Property Taxes
| Parcel Number | 010-015334 | Improvements Assessment | $111,620 |
| Land Assessment | $12,010 | Total Assessment | $123,630 |
Property Taxes
Parcel Number
010-015334
Land Assessment
$12,010
Improvements Assessment
$111,620
Total Assessment
$123,630
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