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%.
Sold for $3,000,000
$3,000,000
3641 Eakin Rd, Columbus, OH 43204
--beds
0baths
--sqft
Apartment
Built in 1963
-- sqft lot
$-- Zestimate®
$--/sqft
$1,133 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,133/mo
Zestimate® history
Owner options
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$1,133/mo
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$1,133/mo
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$16,208/mo
Est. payment
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$16,208/mo
Est. payment
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List your homeWhat's special
Metal decks and stairsNew cabinetsLvt flooringNew furnacesHot water tanks
Zillow last checked:
Listing updated:
Listed by:
Bryan C Jarrett 614-867-7820,
Keller Williams Capital Ptnrs
Bought with:
Douglas J Ryan, 393609
KW Classic Properties Realty
Source: Columbus and Central Ohio Regional MLS ,MLS#: 223025552
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air
Cooling
- Has cooling: Yes
Property
Parking
- Parking features: Common
Lot
- Size: 8,712 Square Feet
Details
- Additional parcels included: 01011982200, 01011982100, 01011981700, 01011981600, 01011981400, 01011981300, 01011981200, 01013679200, 01008801500
- Parcel number: 010119823
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Westgate Terrace
Location
- Region: Columbus
Financial & listing details
- Tax assessed value: $161,500
- Annual tax amount: $34,010
- Date on market: 6/3/2024
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2024 | Sold | $3,000,000-6.3% |
Source:  Columbus and Central Ohio Regional MLS #223025552 Report a problem | ||
| 7/30/2024 | Contingent | $3,200,000 |
Source: Columbus and Central Ohio Regional MLS #223025552 Report a problem | ||
| 6/3/2024 | Listed for sale | $3,200,000 |
Source: Columbus and Central Ohio Regional MLS #223025552 Report a problem | ||
| 5/28/2024 | Contingent | $3,200,000 |
Source: Columbus and Central Ohio Regional MLS #223025552 Report a problem | ||
| 8/15/2023 | Listed for sale | $3,200,000+220% |
Source: Columbus and Central Ohio Regional MLS #223025552 Report a problem | ||
| 8/15/2017 | Sold | $1,000,000 |
Source: Columbus and Central Ohio Regional MLS #217019339 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,196 +1.6% | $56,530 |
| 2023 | $4,129 +9.3% | $56,530 +12.2% |
| 2022 | $3,780 -0.4% | $50,400 |
| 2021 | $3,796 +0.7% | $50,400 |
| 2020 | $3,770 +9% | $50,400 +20% |
| 2019 | $3,459 +0.3% | $42,000 |
| 2018 | $3,448 | $42,000 |
| 2017 | $3,448 +25.8% | $42,000 +33.3% |
| 2016 | $2,741 +7.7% | $31,500 |
| 2015 | $2,545 | $31,500 |
| 2014 | $2,545 +101.9% | $31,500 |
| 2013 | $1,261 -49% | $31,500 |
| 2011 | $2,474 -27.1% | $31,500 -28.9% |
| 2010 | $3,395 +4.5% | $44,275 |
| 2008 | $3,250 +21.3% | $44,275 |
| 2007 | $2,680 +0.2% | -- |
| 2006 | $2,675 +2.7% | -- |
| 2005 | $2,606 +43% | -- |
| 2004 | $1,822 +17% | -- |
| 2003 | $1,556 +1.1% | -- |
| 2002 | $1,539 +3.7% | -- |
| 2001 | $1,484 -0.8% | -- |
| 2000 | $1,496 | -- |
Find assessor info on the county website
Neighborhood: Holly Hill
Nearby homes
- $--2 bd1 ba-- sqft3641 Eakin Rd #3641B, Columbus, OH 43204Off Market
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- $240,6005 bd2 ba1.6k sqft3615 Eakin Rd, Columbus, OH 43204Off Market
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- $426,500-- bd-- ba2.6k sqft3640 Eakin Rd, Columbus, OH 43204Off Market
Nearby schools
GreatSchools rating
- 4/10Eakin Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10Wedgewood Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Briggs High SchoolGrades: 9-12Distance: 1.7 mi
- Ohio
- Franklin County
- Columbus
- 43204
- Holly Hill
- 3641 Eakin Rd
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