Skip To Content
    Return to Previous Page

    2309 Gerbert Road

    Columbus, OH 43211
    • $1,600,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: 220035661
    UPDATED: 24 min ago
    $1,600,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 923
      SQFT
    • $1,733
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    16 unit - 15 building investment package at SOLID 5.8% cap rate! 14 single family homes and one duplex with majority of properties in the Linden area. Duplex and one single are in the popular and fast appreciating Milo Grogran area. Every building has had renovations and updates in the past 4 years and are solid. Easy to rent and maintain! Great cash flow even with management in place! Manage yourself and up the cap rate to 6.9%! Many annual leases and several long term tenants. Jump in while the rates are low and acquire this great portfolio before Central Ohio is too expensive!

    Monthly Payment Calculator



    © 2020 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 Craig and Amy Balster | Keller Williams Excel Realty. Data last updated: 2020-10-20T21:51:33.37.
    www.columbuscraigandamy.com/homes/110853115
    Print Image

    2309 Gerbert Road Columbus, OH 43211

    • Price: $1,600,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 220035661
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    923
    SQFT
    $1,733
    $/SQFT
    1941
    Built
    Neighborhood:
    Linden
    County:
    Franklin
    Area:
    Columbus
    School District:
    Columbus Csd 2503 Fra Co.
    Property Description
    16 unit - 15 building investment package at SOLID 5.8% cap rate! 14 single family homes and one duplex with majority of properties in the Linden area. Duplex and one single are in the popular and fast appreciating Milo Grogran area. Every building has had renovations and updates in the past 4 years and are solid. Easy to rent and maintain! Great cash flow even with management in place! Manage yourself and up the cap rate to 6.9%! Many annual leases and several long term tenants. Jump in while the rates are low and acquire this great portfolio before Central Ohio is too expensive!
    Exterior Features

    Construction Frame Lot Size Frontage 40 Lot Size Side 125

    Interior Features

    Air Conditioning None Heat Fuel Gas Heating Forced Air

    Property Features

    2 Bedroom Monthly Rent Per Unit 860.00 2 Bedroom Units 8 3 Bedroom Monthly Rent Per Unit 843.00 3 Bedroom Units 8 Auction No Between Street1 Hudson Between Street2 Clinton Built Prior To1978 Yes Corp Limit Per Auditor Columbus Dist To Intersection 0.50 Expenses Electricity 7906.27 Expenses Misc 70.00 Expenses Property Insurance 6157.00 Expenses Property Management 18678.00 Expenses Real Estate Taxes 4957.48 Expenses Repairs And Maintenance 19783.90 Financials Effective Income 92400.78 Financials For Year Of 2020 Financials Gross Rental Income 158285.00 For Exchange Yes For Sale Yes Mult Parcels Sch Dis Yes Multifamily Sub Type Combination Near Interchange I-71 New Financing Conventional Occupancy Rate 95 Services Available ElectricGasSanitary SewerStorm SewerWater Tax District 010 Tax Incentive No Tax Year 2019 Taxes Yearly 5508.31 Tenant Pays ElectricityGas Township None Year Remodeled 2016 Zoning R3 & R4

    Listing provided courtesy of Erik Hiss of Keller Williams Capital Partners


    © 2020 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 Craig and Amy Balster | Keller Williams Excel Realty. Data last updated: 2020-10-20T21:51:33.37.
     
    https://bt-photos.global.ssl.fastly.net/columbus/orig_boomver_1_220035661-2.jpg https://bt-photos.global.ssl.fastly.net/columbus/orig_boomver_1_220035661-2.jpg https://bt-photos.global.ssl.fastly.net/columbus/orig_boomver_1_220035661-2.jpg
    Logo
    Craig and Amy Balster | Keller Williams Excel Realty
    550 Polaris Parkway #150
    Westerville OH, 43082