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1296 Parsons Avenue

Columbus, OH 43206
  • $2,500,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 222043202
UPDATED: 153 min ago
$2,500,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,932
    SQFT
  • $179
    $/SQFT
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

School District:

Description

Fully renovated 2022. 10 Units. Each unit is ~1,000SF with 2 bedroom 1.5 bath, laundry hookups, Ecobee thermostats, heat pump HVAC, front and rear private porches. Condo conversion complete and condo association setup. Not operating as condo currently. New water service, mechanicals, electric, plumbing, roofing, windows, removed walls to create open floor plans. Tax abated 15 years 100% with no affordability requirements. Current owner paid affordability waiver. In Ohio Opportunity Zone and eligible for 10% investment tax credit! Secure access controlled parking lot with 10 spaces. 6 units currently operated as short term rentals, 2 units leased, and 2 units just finished renovations and available to lease. Minutes to Downtown, German Village, Grocery, Library, and more.

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© 2023 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or LifePoint Real Estate. Data last updated: 2023-01-29T23:51:29.543.
www.lpohio.com/homes/135112003
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1296 Parsons Avenue Columbus, OH 43206

  • Price: $2,500,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 153 min ago
  • MLS #: 222043202
0
Beds
0
Baths
0
½ Baths
0.3
Acres
13,932
SQFT
$179
$/SQFT
1910
Built
Neighborhood:
Twoxfive Townhomes By Kreais Companies
County:
Franklin
Area:
Columbus
School District:
Columbus Csd 2503 Fra Co.
Property Description
Fully renovated 2022. 10 Units. Each unit is ~1,000SF with 2 bedroom 1.5 bath, laundry hookups, Ecobee thermostats, heat pump HVAC, front and rear private porches. Condo conversion complete and condo association setup. Not operating as condo currently. New water service, mechanicals, electric, plumbing, roofing, windows, removed walls to create open floor plans. Tax abated 15 years 100% with no affordability requirements. Current owner paid affordability waiver. In Ohio Opportunity Zone and eligible for 10% investment tax credit! Secure access controlled parking lot with 10 spaces. 6 units currently operated as short term rentals, 2 units leased, and 2 units just finished renovations and available to lease. Minutes to Downtown, German Village, Grocery, Library, and more.
Exterior Features

Construction Brick Lot Size Frontage 92.35 Lot Size Side 140 Parking Type Assigned Total Parking 10.00

Interior Features

Air Conditioning Central Elevators 0.00 Heat Fuel Electric Heating Forced AirHeat Pump

Property Features

2 Bedroom Monthly Rent Per Unit 1750.00 2 Bedroom Units 10 Alternate Uses Bed & BreakfastCommercialResidential Auction No Between Street1 Gates St Between Street2 Hanford St Buildings 2.00 Built Prior To1978 Yes Corp Limit Per Auditor Columbus Expenses Off Site Management 12480.00 Expenses Property Insurance 9001.00 Expenses Real Estate Taxes 13154.00 Expenses Repairs And Maintenance 10000.00 Financials Effective Income 208000.00 Financials For Year Of 2022 Financials Gross Rental Income 198000.00 Financials Other Income 10000.00 Financials Vacancy And Credit Loss 9900.00 For Exchange No For Sale Yes Miscellaneous BasementBuilding PlansPublic TransportSecurity SystemSurveyW/D Hookups Mult Parcels Sch Dis Yes Multifamily Sub Type Townhouse New Financing Conventional Occupancy Rate 80 Services Available ElectricSanitary SewerWater Sewer Public Sewer Tax District 010 Tax Incentive Yes Tax Year 2021 Taxes Yearly 13154.00 Tenant Pays ElectricitySewerWater Township None Use Code 401 - APARTMENT:4-19 UNITS Year Remodeled 2022 Zoning R2f

Listing provided courtesy of Joshua Kreais of Keller Williams Consultants: (614) 932-2000.


© 2023 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or LifePoint Real Estate. Data last updated: 2023-01-29T23:51:29.543.
 
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168 South State St.
Westerville OH, 43081