Sub Type

Townhouse

List Date

5/1/2020

Days on Market

8

List Price (In $)

$889,000.00

List Price/SqFt (In $)

78.6

Street #

83

Street Pre Direction

Street Name

Toland

Unit/Suite #

Street Suffix

Street

City (Mailing Addr)

London

State

Country

Madison

Zip Code

43140

Parcel #

31-02148.000

Addl Parcel Numbers

7 WESTMOOR DR, LONDON, OH 43140: 31-01456.000 83 TOLAND ST, LONDON, OH 43140: 31-02148.000, 31-02149.000, 31-02150.000 33 MILLER ST, LONDON, OH 43140: 31-01989.000 86 S CHERRY ST, LONDON, OH 43140: 31-02740.000 511 HAWTHORNE AVE, LONDON, OH 43140: 31-01725.000

Subdiv/Cmplx/Comm

Corp Limit Per Auditor

London

School District

LONDON CSD 4903 MAD

Year Built

1920

Building Sqft

11310

Lot Size (Front)

65

Lot Size (Side)

66

Acreage

0.1

# Units

13

# of Buildings

Total Parking

Taxes (Yearly)

1213

Tax Year

2019

Year Remodeled

2019

Occupancy Rate

100

Features

Auction Info|Auction/Online Bidding|No;1 Bedroom|1 Bedroom # of Units|4;1 Bedroom|1 Bedroom Month Rent Per Unit|650;2 Bedroom|2 Bedroom # of Units|9;2 Bedroom|2 Bedroom Month Rent Per Unit|750;Alternate Uses|Residential|Yes;Expenses|R.E. Taxes|6,688;Expenses|Repairs&Maintenance|4,800;Expenses|Property Insurance|10,956;Financials|Financials ForYearOf|2019;Financials|Gross Rental Income|92,400;Income/Expenses|Gross Income|92,400;Income/Expenses|Net Operating Income|69,956;Income/Expenses|Total Expenses|22,444;New Financing|Conventional|Yes;New Financing|Other|Yes;Services Available|Electric|Yes;Services Available|Water|Yes;Services Available|Sanitary Sewer|Yes;Services Available|Gas|Yes;Tenant Pays|Electricity|Yes;Tenant Pays|Water|Yes;Tenant Pays|Trash Collection|Yes;Tenant Pays|Sewer|Yes;Tenant Pays|Gas|Yes;MLS Primary PhotoSrc|Realtor Provided|Yes;Addl Acceptance Cond|None Known|Yes;

Property Description

Welcome to the London Ohio Residential Rentals. This 5 property portfolio is located in an area with high demand for affordable rental housing, and all units are fully occupied. London is only 30 min drive time from downtown Columbus, and is primed for growth as Columbus area continues to expand. Properties are close proximity to several essential businesses including Stanley Electric, ADS, Amazon, Target Distribution, ACE Hardware Distribution and other large fulfillment facilities.