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3641 Eakin Road Columbus, OH 43204
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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Midrise
Listing Status Sold
Purchase Type For Sale
Subdivision Eakin And Kingsford - Total Of 8 - 4 Families Including 731, 761, 771, 781, 791, 811, 821 Kingsford
MLS Listing ID 217019339
Sold Date 08/15/17
Year Built 1963
Annual Tax Amount $2,741
Lot Size 8,712 Sqft
Lot Dimensions 0.2
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
3641 Eakin Road - 4 family garden style multi family with workshop in lower level. Each unit includes 2 Bedrooms & Bath. Current rents are 2 @ $650/month and 2 @ $600/month total income $2,500/month - $30,000 annually. Tenants pay electric and gas - OUTSTANDING CASH FLOW! Units are always rented. Part of a package deal with 731, 761, 771, 781, 791, 811 & 821 Kingsford plus 2 common lots. Kingsford 4 families have same rents ($650 market) and are priced at $159,900 (no lower level). 2 be sold in combination/package(s). Same ownership 50 plus years!! GRM of 5.5% and cap rate of 10.5% with 40% expense factor! Actual expenses are lower - 3,456 square feet. Priced to sell with fantastic returns!! Packaged with Kingsford units totals $1,289,200 - 32 units $40,287/unit CASH FLOW
Location
State OH
County Franklin
Community Eakin And Kingsford - Total Of 8 - 4 Families Including 731, 761, 771, 781, 791, 811, 821 Kingsford
Area 0.2
Zoning Multi Family
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features Common
Schools
High Schools Columbus Csd 2503 Fra Co.
Others
Tax ID 010-119823
Acceptable Financing Conventional
Listing Terms Conventional
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