699 Wetmore Road

Columbus, OH 43214

$1,625,000
Last Sold Price
16
Beds
—
Baths
12,390 Sq. Ft.
$131 / Sq. Ft.
12,390
Sq. Ft.
$131
per Sq. Ft.
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Closed 12/13/24
Closed 12/13/24
B9245672-F627-4AA8-943F
Screenshot 2023-07-18 at 5.07.40 PM
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Description

Clintonville 16-Unit Apt Building located at the corner of Indianola & Wetmore Rd. Features 15 one-bedroom units and 1 studio, with 14 units currently leased as of 11/15/24, generating an AVG rent of $982.85/m. The rent roll is available under documents. New roof 2018. There are 14 carports and off-street parking for approx. 12 additional vehicles. Owner covers gas, water, and sewer, while residents pay electricity. With two units renting for $1,095 and $1,145, there's potential for rent increases....Clintonville 16-Unit Apt Building located at the corner of Indianola & Wetmore Rd. Features 15 one-bedroom units and 1 studio, with 14 units currently leased as of 11/15/24, generating an AVG rent of $982.85/m. The rent roll is available under documents. New roof 2018. There are 14 carports and off-street parking for approx. 12 additional vehicles. Owner covers gas, water, and sewer, while residents pay electricity. With two units renting for $1,095 and $1,145, there's potential for rent increases. This building is a stable, long-term investment located on a bus line. Buyer concessions may be considered. This building is a stable long-term investment on the bus line that is a GOOD CANDIDATE FOR an A 1031 EXCHANGE BUYER. New roof in 2018
  1. Listed by Joseph C Jackson • Brokerage DRE #2002012687 • Keller Williams Capital Ptnrs
    P: (614)-431-1220 C: (614)-431-1220 rjoe@kw.com

Property Details for 699 Wetmore Road

Zoning Description
AR-1
LISTING UPDATED: 12/13/2024 12:36 PM

Property Details for 699 Wetmore Road

StatusClosed
MLS #224040759
Days on Market8
Pet Policy-
Taxes$29,566 / year
HOA Fees-
Condo/Co-op Fees$16,567 / month
Property TypeMulti Family
MLS TypeMulti-Family / Midrise
Year Built1968
CountyFranklin County
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Location

Listing Courtesy of Keller Williams Capital Ptnrs

Sold By RE/MAX Capital Centre

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Building Information for 699 Wetmore Road

Building/Complex699 Wetmore RdFloor-Stories-Residences16Pet Policy-Pet Policy Details-Year Built1968Building Size-

Payment Calculator

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$27,128 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,098

Property Taxes

$2,464

HOA Dues

$16,567

The Payment Calculator is for illustrative purposes only.

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Property Information for 699 Wetmore Road

Summary
Location and General Information
  • Longitude: -83.000961
  • Latitude: 40.057558
  • Cross Street: Morse Road
  • Corp Limit Per Auditor: Columbus
  • Between Street: Garden Road
  • Near Interchange: I-71 & Morse Road
Taxes and HOA
  • Additional Parcels: Yes
  • Additional Parcels Description: 010084789 & 010084788
  • Parcel Number: 010-084787
  • Tax Year: 2023
  • Tax District: 010
  • Tax Abatement: No
School Information
  • High School District: COLUMBUS CSD 2503 FRA CO.
Parking
  • Parking Total: 26.0
  • Off Street Parking Spaces: 1.0
  • Parking Features: On Street
Distance To
  • Distance To Intersection: 0.5
Property
Lot Information
  • Lot Size (Front): 145
  • Lot Size (Side): 180
Property and Assessments
  • Year Built: 1968
  • Built Prior to 1978: Yes
  • Use Code: 401 - APARTMENT:4-19 UNITS
  • Miscellaneous: Carports, Public Transport
Building Features
  • Construction Materials: Brick
  • # of Buildings: 1.0
  • Building Sqft: 12390.0
Utilities
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sewer: Public Sewer
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air
  • Heat Fuel: Gas
Multi Family
Multi Family Information
  • Total Number Of Units: 16
  • Occupancy Rate: 94.00%
Income & Expenses
  • Fuel Expense: $12,191
  • Net Operating Income: $95,515
  • Operating Expense: $69,311.00
  • Insurance Expense: $8,377
  • Maintenance Expense: $16,567
  • Gross Income: $164,826
  • Gross Scheduled Income: $164,826
  • Real Estate Taxes: $29,837
  • Financials For Year of: 2024
Rental
Rent Information
  • Owner Pays: Gas, Sewer, Trash Collection, Water
  • 1 Bedroom: 1 Bedroom # of Units: 16
  • 1 Bedroom: 1 Bedroom Month Rent Per Unit: $982.00
Tenant Information
  • Tenant Pays: Electricity

Property History for 699 Wetmore Road

DateEvent & SourcePriceAppreciation
Dec 13, 2024

Sold

Columbus and Central Ohio Regional MLS #224040759

$1,625,000—
Dec 10, 2024

Contract Signed

Columbus and Central Ohio Regional MLS #224040759

—
Nov 18, 2024

Listed (Active)

Columbus and Central Ohio Regional MLS #224040759

$1,500,000—
DateEvent & SourcePrice
12/13/2024

Sold

Columbus and Central Ohio Regional MLS #224040759

$1,625,000
12/10/2024

Contract Signed

Columbus and Central Ohio Regional MLS #224040759

—
11/18/2024

Listed (Active)

Columbus and Central Ohio Regional MLS #224040759

$1,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 699 Wetmore Road

Taxable ValueLand$19,920Additions$265,440Total$285,360
Tax Record2021$21,492 ($1,791 / month)
Home Facts
Total Finished SqFt12,390 SqFtAbove Grade Finished SqFt12,390 SqFtStories2Lot Size6,795 SqFtStyleMulti-Family Res (5+ Units)Year Built1967Year Renovated1991CountyFRANKLINAPN010-084787

Schools near 699 Wetmore Road

This home is within Columbus City School District.
Rating
School
Type
Grades
Distance
Colerain Elementary School
Public - PK to 5
Dominion Middle School
Public - 6 to 8
Whetstone High School
Public - 9 to 12
Columbus Scioto 6-12
Public - 6 to 12
Rating
School
Distance
Colerain Elementary School
PublicPK to 5

Dominion Middle School
Public6 to 8

Whetstone High School
Public9 to 12

Columbus Scioto 6-12
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Keller Williams Capital Ptnrs

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