988-998 Heyl Avenue, Columbus, OH 43206 (MLS# 224036526)

988-998 Heyl Avenue, Columbus, OH 43206

$1,070,000

Property Type: Multi-Family Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $1,070,000 List Date: 10/12/2024 Last Modified: 12/19/2024

Overview

Description

Updated 6 unit brick townhome complex in Southern Orchards! Fully leased and ready for a turn-key or 1031 investor. 100% 15 year tax abatement has been approved (through 2038). Each unit features French oak vinyl plank flooring, LED lighting, first floor laundry, granite countertops and stainless appliances (one unit has white appliances). Private basements for storage and fenced in backyard area for every two units. Average gross rent which includes water and pet fees is $1425 per mo/unit. Professional management in place and all leases run throughout 2025. Potential for individual condo conversion/resale or short/mid-term rentals given the close proximity to Nationwide Children's Hospital, German Village and Downtown Columbus.

Listing Details MLS# 224036526

Location Property Info

Original List Price: 1150000
Property Sub Type: Townhouse
Street #: 988-998
Street Name: Heyl
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43206
Subdiv/Cmplx/Comm: Southern Orchards
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2024-10-12

General Property Info

Number of Units: 6
Building Sqft: 6619
Year Built: 1924
Built Prior to 1978: Yes
Acreage: 0.14

Tax Info

Parcel #: 010-008254
Tax Year: 2023
Tax Abatement: Yes
Abatement End Date: 2038-12-31
Taxes (Yrly): 6461

Status Change Info

Under Contract Date: 2024-10-21
Sold Date: 2024-12-18
Sold Price/SqFt: 161.66

2 Bedroom

2 Bedroom # of Units: 6
2 Bedroom Month Rent Per Unit: 1425

More Information

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 Tenant Pays: Electricity; Gas; Water Heat Fuel: Gas Heating: Forced Air Air Conditioning: Central Air Construction: Brick Sewer: Public Sewer MLS Primary PhotoSrc: Realtor Provided

Listing Office: Lim Realty Group

Listing Agent: Daniel J Lim

Last Updated: December - 19 - 2024

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