Address
3641 Eakin Road, Columbus, OH
Price
$ 3,200,000
Property Attributes
  • MLS#223025552
  • TypeMulti-Family
  • CountyFRANKLIN
  • CityColumbus
  • NeighborhoodWestgate Terrace
  • Zip43204
  • StyleFlat
  • Year Built1963
  • Taxes$ 33596
  • Price$ 3,200,000
  • Bedrooms72
  • Full Bathrooms36
  • Half Bathrooms0
  • Sqr Footage31104
  • Lot Size8,712 SqFt
Data Source:
Columbus REALTORS®
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 $850 a month the return on this portfolio should be north of 9%.

Price History
8/15/2023 Listed $3,200,000

General Features

Sewer Public Sewer
Construction Brick
Heating Forced Air
Status Active
Year Built 1963
Tenant Pays Electricity,Gas,Water
Subdivision Westgate Terrace
County Franklin
Township None
Type Flat
Property Type C
Owner Pays Trash
Number of Units 36.00
Tax Year 2023
Tax District 010
Days on Market 243
City Columbus
School District COLUMBUS CSD 2503 FRA CO.
Street Name Eakin
Built Prior to 1978 Yes
Taxes (Yrly) 33596.98
Building Sqft 31104.00
Listing Member Name Bryan C Jarrett

Interior Features

Air Conditioning Window
Heating Fuel Gas
Street Suffix Road
List Price/SqFt 102.88

Exterior Features

Parking Type Common Area
Acreage 0.20

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 43204

Price
AVG $560K
$3.2M
Taxes
AVG $4,491
$33,596
Visits
AVG 141
387
Data Provided by Inside Real Estate®
Year Built
AVG 1931
1963
Walkscore
AVG 57
56
Data Provided by Walkscore® not using MLS data

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