Sold
Last Sold Price
9 beds4,422 sqft$78/sqft
940-946 South Spring Road, Westerville, OH 43081
Multi FamilyProperty Type
0.48 acresLot Size
1978Year Built
$78/sq ftPrice per sq ft

Description

Rare find in City of Westerville. Fully occupied 4 unit townhouse style apartment building. All units have long term tenants. End unit is set up as owner's unit with 3 beds, 2.5 baths and 2 car garage. The other 3 units have 2 bedrooms and 1.5 baths. Take advantage of this rare opportunity to own a multi-unit in Westerville Schools. Great location and easy to rent with many upgrades: 1 unit fully updated kitchen, new furnace in 3 units, new hot water tank 1 unit, newer ac/heat pump 1 unit. Curb offers...Rare find in City of Westerville. Fully occupied 4 unit townhouse style apartment building. All units have long term tenants. End unit is set up as owner's unit with 3 beds, 2.5 baths and 2 car garage. The other 3 units have 2 bedrooms and 1.5 baths. Take advantage of this rare opportunity to own a multi-unit in Westerville Schools. Great location and easy to rent with many upgrades: 1 unit fully updated kitchen, new furnace in 3 units, new hot water tank 1 unit, newer ac/heat pump 1 unit. Curb offers only, please do not disturb tenants. Priced to sell with great profit potential.
  • Listed by: James T D'Amico 614.880.0808 newton.burris@kingthompson.com Brokerage DRE #2008002470 • Coldwell Banker Realty
Listing closed: 07/22/2019 12:00 AM • Source: Columbus and Central Ohio Regional MLS, MLS#: 219022146

Amenities

  • Central AC
  • Common Parking
  • Electricity Included
  • Garage

Location

Listing Courtesy of Coldwell Banker Realty

Sold By Lotus Advisors

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Payment Calculator

$2,406 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,754

Property Taxes

$653

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 940-946 South Spring Road

Property Details
  • Taxes: $7,832 / year
  • MLS Type: Multi-Family / Townhouse
Building Information
  • Residences: 4
  • Year Built: 1978
  • Lot Size: 0.48 AC / 20,908 SF
Summary
Location and General Information
  • Longitude: -82.905492
  • Latitude: 40.099966
  • Cross Street: Hempstead
  • Corp Limit Per Auditor: Westerville
  • Between Street: Schrock
Taxes and HOA
  • Parcel Number: 080-006099
  • Tax Year: $2,018.00
  • Tax District: 080
  • Tax Abatement: No
School Information
  • High School District: WESTERVILLE CSD 2514 FRA CO.
Parking
  • Parking Features: 2 Car Garage, Common
Property
Lot Information
  • Lot Size Square Feet: 20908.8
  • Lot Size Acres: 0.48
  • Lot Size Area: 0.48
Property and Assessments
  • Year Built: 1978
  • Built Prior to 1978: No
  • Use Code: 401 - APARTMENT:4-19 UNITS
  • Miscellaneous: W/D Hookups
Building Features
  • Construction Materials: Brick, Frame, Vinyl Siding
  • # of Buildings: 1.0
  • Building Sqft: 4422.0
Utilities
  • Utilities: Electricity Available, Sewer Available, Storm Sewer, Water Available
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Heat Pump
  • Heat Fuel: Electric
Multi Family
Multi Family Information
  • Total Number Of Units: 4.0
  • Occupancy Rate: 100.00%
Income & Expenses
  • Net Operating Income: $23,000
  • Operating Expense: $10,000.00
  • Gross Income: $33,000
  • Gross Scheduled Income: $33,000
Rental
Rent Information
  • Owner Pays: Trash Collection
  • 2 Bedroom: 2 Bedroom # of Units: 3.0
  • 2 Bedroom: 2 Bedroom Month Rent Per Unit: $650.00
  • 3 Bedroom: 3 Bedroom # of Units: 1.0
  • 3 Bedroom: 3 Bedroom Month Rent Per Unit: $775.00
Tenant Information
  • Tenant Pays: Electricity, Sewer, Water

Property History for 940-946 South Spring Road

DateEvent & SourcePriceAppreciation
Jul 22, 2019

Sold

Columbus and Central Ohio Regional MLS #219022146

$345,000
Jun 21, 2019

Contract Signed

Columbus and Central Ohio Regional MLS #219022146

Jun 20, 2019

Listed (Active)

Columbus and Central Ohio Regional MLS #219022146

$299,900
DateEvent & SourcePrice
07/22/2019

Sold

Columbus and Central Ohio Regional MLS #219022146

$345,000
06/21/2019

Contract Signed

Columbus and Central Ohio Regional MLS #219022146

06/20/2019

Listed (Active)

Columbus and Central Ohio Regional MLS #219022146

$299,900

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

Schools near 940-946 South Spring Road

This home is within Westerville City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Pointview Elementary School
PublicK to 5

Genoa Middle School
Public6 to 8

Westerville-South High School
Public9 to 12

Minerva Park Middle School
Public6 to 8

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 Coldwell Banker Realty

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