$300,000
$300,000
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0.49 Acres Lot
SOLD DATE : 11/15/2024
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 213041601
Sold Date 11/15/24
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1963
Annual Tax Amount $1,562
Lot Size 0.490 Acres
Lot Dimensions 0.49
Property Description
9.56% Cap Rate. 100% Occupied Fully Renovated in 2013. Ave Rents = $420/mo. Elaine Rd Apartments 12 One-Bedroom units in 3 buildings on one parcel. Brick exterior, new windows, doors, kitchens, bathrooms, appliances, flooring, fixtures, AC units, baseboard heaters & water heaters. Seller receives Sec 8 rent via wire transfer at the start of each month. Solid investment. 18.31% ROE with 20% down (25.98% total return with principal reduction). 3/8 mile west of Hamilton Rd.
Location
State OH
County Franklin
Area 0.49
Zoning R-4
Rooms
Dining Room No
Interior
Heating Oil
Cooling Other
Equipment No
Others
Tax ID 010-208503
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