Sold
Last Sold Price
16 beds12,390 sqft
699 Wetmore Road, Columbus, OH 43214
Multi FamilyProperty Type
1968Year Built
$131/sq ftPrice per sq ft
26 carsParking Spaces

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
  • Listed by: Joseph C Jackson 614.431.1220 rjoe@kw.com Brokerage DRE #2002012687 • Keller Williams Capital Ptnrs
Listing closed: 12/13/2024 12:00 AM • Source: Columbus and Central Ohio Regional MLS, MLS#: 224040759

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Location

Listing Courtesy of Keller Williams Capital Ptnrs

Sold By RE/MAX Capital Centre

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$10,861 per month

30 year fixed, 6.71% Interest

Principal and Interest

$8,397

Property Taxes

$2,464

HOA Dues

$0

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Property Information for 699 Wetmore Road

Property Details
  • Taxes: $29,566 / year
  • MLS Type: Multi-Family / Midrise
  • Zoning Description: AR-1
Building Information
  • Building/Complex: 699 Wetmore Rd
  • Residences: 16
  • Year Built: 1968
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: $2,023.00
  • 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: 16.0
  • 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: 16.0
  • 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$45,640Additions-Total$45,640
Tax Record2025$3,422 ($285 / month)
Home Facts
Lot Size10,866 SqFtStyleMulti-Family Res (5+ Units)CountyFRANKLINAPN010-084789

Schools near 699 Wetmore Road

This home is within Columbus City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 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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