376 Hudson Avenue, Newark, OH 43055 (MLS# 223002781)

376 Hudson Avenue, Newark, OH 43055

$1,350,000

Property Type: Multi-Family Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $1,350,000 List Date: 2/03/2023 Last Modified: 2/27/2025

Overview

Description

Rare opportunity to add this newly updated 14-unit complex on historic Hudson Ave to your portfolio! Two story brick fully occupied complex with 14 1bed/1bath units. 12 of 14 units updated throughout with new paint, flooring, carpet, and renovated bathrooms. New energy efficient windows. Roof and gutters replaced (2017), new steps with wrought iron railing (2017), new outdoor second story balcony flooring, and newly poured cement courtyard and sidewalks. Beautifully updated landscaping. Off-street parking in rear can hold up to 20 cars. On site renovated laundry facility for tenant use in basement. 14 additional storage spaces in the laundry facility for tenant storage brings opportunity for additional income ($25/month). Low maintenance ownership! Close to new Intel Site! Must see!

Listing Details MLS# 223002781

Location Property Info

Original List Price: 1375000
Property Sub Type: Midrise
Street #: 376
Street Name: Hudson
Street Suffix: Avenue
County: Licking
State: OH
Zip Code: 43055
Subdiv/Cmplx/Comm: Historic Hudson District
School District: NEWARK CSD 4507 LIC CO.
Township: None

OfficeContract Info

MLS Entry Date: 2023-02-03

General Property Info

Number of Units: 14
# of Buildings: Yes
Total Parking: 20
Building Sqft: 13401
Year Built: 1965
Built Prior to 1978: Yes
Occupancy Rate: 100
Lot Size (Side): 180
Acreage: 0.43
Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 054-270222-00.000
Zoning: Residential
Tax Year: 2022
Tax Abatement: No
Taxes (Yrly): 9773.7

Status Change Info

Under Contract Date: 2023-02-09
Sold Date: 2023-04-11
Sold Price/SqFt: 100.74

1 Bedroom

1 Bedroom # of Units: 14

More Information

Financials

Financials ForYearOf: 2022
Gross Rental Income: 124800
Effective Income: 95808

Expenses

R.E. Taxes: 9768
Property Insurance: 5376
Off-Site Management: 4800
Repairs&Maintenance: 4800
Electricity Expense: 936
Water Expense: 1560

Auction Info

Auction/Online Bidding Y/N: No

Property Features

Addl Acceptance Cond: None Known Parking Features: Assigned; Common Owner Pays: Sewer; Trash; Water Tenant Pays: Electricity Heat Fuel: Electric Air Conditioning: Window Unit(s) Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Sewer Available; Water Available Miscellaneous: Basement; W/D Hookups MLS Primary PhotoSrc: Realtor Provided

Listing Office: Merriman and Co. Real Estate

Listing Agent: Leigh Merriman

Last Updated: February - 27 - 2025

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