3641 Eakin Road Contingent Save Request In-Person Tour Request Virtual Tour
Columbus,OH 43204
Key Details
Property Type Multi-Family
Sub Type Flat
Listing Status Contingent
Purchase Type For Sale
Square Footage 31,104 sqft
Price per Sqft $102
Subdivision Westgate Terrace
MLS Listing ID 223025552
Year Built 1963
Annual Tax Amount $34,010
Tax Year 2023
Lot Size 8,712 Sqft
Property 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%.
Location
State OH
County Franklin
Interior
Heating Gas
Cooling Window
Exterior
Garage Common Area
Schools
School District Columbus Csd 2503 Fra Co.