3641 Eakin Road, Columbus, OH 43204 (MLS# 223025552)

3641 Eakin Road, Columbus, OH 43204

$3,000,000

Property Type: Multi-Family Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $3,000,000 List Date: 6/03/2024 Last Modified: 3/02/2025

Overview

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 $875 a month the return on this portfolio should be north of 9%.

Listing Details MLS# 223025552

Location Property Info

Original List Price: 3200000
Property Sub Type: Flat
Street #: 3641
Street Name: Eakin
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43204
Subdiv/Cmplx/Comm: Westgate Terrace
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2023-08-09

General Property Info

Number of Units: 36
Building Sqft: 31104
Year Built: 1963
Built Prior to 1978: Yes
Acreage: 0.2

Tax Info

Parcel #: 010-119823
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010-119822-00, 010-119821-00, 010-119817-00, 010-119816-00, 010-119814-00, 010-119813-00, 010-119812-00, 010-136792-00, 010-088015-00
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 34010.36

Status Change Info

Under Contract Date: 2024-12-06
Sold Date: 2024-12-09
Sold Price/SqFt: 96.45

2 Bedroom

2 Bedroom # of Units: 36
2 Bedroom Month Rent Per Unit: 850

More Information

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Parking Features: Common Owner Pays: Trash Tenant Pays: Electricity; Gas; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Window Unit(s) Construction: Brick Sewer: Public Sewer MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Capital Ptnrs

Listing Agent: Bryan C Jarrett

Last Updated: March - 02 - 2025

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.