699 Wetmore Road, Columbus, OH 43214 (MLS# 224040759)

699 Wetmore Road, Columbus, OH 43214

$1,625,000

Property Type: Multi-Family Status: Closed

Current Price: $1,625,000 List Date: 11/18/2024 Last Modified: 12/13/2024

Overview

Description

Clintonville 16-Unit Apt Building located at the corner of Indianola & Wetmore Rd. Features 15 one-bedroom units and 1 studio, with 14 units currently leased as of 11/15/24, generating an AVG rent of $982.85/m. The rent roll is available under documents. New roof 2018. There are 14 carports and off-street parking for approx. 12 additional vehicles. Owner covers gas, water, and sewer, while residents pay electricity. With two units renting for $1,095 and $1,145, there's potential for rent increases. This building is a stable, long-term investment located on a bus line. Buyer concessions may be considered. This building is a stable long-term investment on the bus line that is a GOOD CANDIDATE FOR an A 1031 EXCHANGE BUYER. New roof in 2018

Listing Details MLS# 224040759

Location Property Info

Original List Price: 1500000
Property Sub Type: Midrise
Street #: 699
Street Name: Wetmore
Street Suffix: Road
County: Franklin
State: OH
Zip Code: 43214
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2024-11-18

General Property Info

Number of Units: 16
# of Buildings: Yes
Total Parking: 26
Building Sqft: 12390
Year Built: 1968
Built Prior to 1978: Yes
Occupancy Rate: 94
Lot Size (Side): 180
Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 010-084787
Zoning: AR-1
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 010084789 & 010084788
Assessment: none
Tax Year: 2023
Tax Abatement: No
Taxes (Yrly): 29566

Status Change Info

Under Contract Date: 2024-12-10
Sold Date: 2024-12-13
Sold Price/SqFt: 131.15

1 Bedroom

1 Bedroom # of Units: 16
1 Bedroom Month Rent Per Unit: 982

More Information

Financials

Financials ForYearOf: 2024
Gross Rental Income: 164826

Expenses

R.E. Taxes: 29837
Property Insurance: 8377
Repairs&Maintenance: 16567
Gas Expense: 12191

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Property Features

Addl Acceptance Cond: None Known Parking Features: On Street Owner Pays: Gas; Sewer; Trash; Water Tenant Pays: Electricity Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available Miscellaneous: Carports; Public Transport New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Capital Ptnrs

Listing Agent: Joseph C Jackson

Last Updated: December - 13 - 2024

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.