700 Franklin Avenue, Columbus, OH 43205 (MLS# 218006892)

700 Franklin Avenue, Columbus, OH 43205

$1,350,000

Property Type: Multi-Family Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $1,350,000 List Date: 7/09/2018 Last Modified: 1/25/2025

Overview

Description

REMARKABLE BRICK 12 UNIT (3) BEDROOMS (1) BTH. PLUS ADDITIONAL LOT ADJACENT LOT WITH 11 GARAGE AND BUILD OUT TO PUT CARRIAGE HOUSE APT ABOUT 1 GARAGE. LOCATED AT THE CORNER OF PARSONS AND FRANKLIN AVE. IN HISTORIC OLDE TOWNE EAST. RENTS RANGE FROM $1000-1200 HUGH BASEMENT MIGHT SERVE FOR ADDITIONAL UNITS IN A CONDO CONVERSION PROJECT, GREAT RENTAL ADDITIONAL UPDATES TO KITCHEN AND BATHS TO HELP THIS GREAT BUILDING REACH ITS FULL RENTAL POTENTIAL. HARDWOOD FLOORS, SUN PORCHES, W/D HOOK UPS FRONT AND BACK ENTRANCES, CLASSIC ENTRY WITH TERRAZZO FLRS, WROUGHT IRON RAILS.

Listing Details MLS# 218006892

Location Property Info

Original List Price: 2000000
Property Sub Type: Midrise
Street #: 700
Street Name: Franklin
Street Suffix: Avenue
County: Franklin
State: OH
Zip Code: 43205
Subdiv/Cmplx/Comm: OLDE TOWNE EAST
School District: COLUMBUS CSD 2503 FRA CO.
Township: None

OfficeContract Info

MLS Entry Date: 2018-03-10

General Property Info

Number of Units: 12
# of Buildings: 2
Total Parking: 11
Building Sqft: 28068
Year Built: 1900
Built Prior to 1978: Yes
Occupancy Rate: 85
Lot Size (Side): 81
Acreage: 0.28
Use Code: 401 - APARTMENT:4-19 UNITS

Tax Info

Parcel #: 010-036405
Addl Parcel Numbers: 010-040702 724 FRANKLIN AVE.
Tax Year: 2017
Tax Abatement: No
Taxes (Yrly): 11748

Status Change Info

Under Contract Date: 2018-07-27
Sold Date: 2018-08-27
Sold Price/SqFt: 48.1

3 Bedroom

3 Bedroom # of Units: 12
3 Bedroom Month Rent Per Unit: 1000

More Information

Financials

Financials ForYearOf: 2017
Gross Rental Income: 112099.39
Vac & Cr Loss: 4

Expenses

R.E. Taxes: 13123.55
Property Insurance: 4504.92
Off-Site Management: 10485.42
Repairs&Maintenance: 17622
Electricity Expense: 1944.14
Gas Expense: 956.41
Water Expense: 4223.24

Auction Info

Auction/Online Bidding Y/N: No

Sale Info

Seller Assisted Fin: N
Seller/Buyer Concessions: N

Property Features

Addl Acceptance Cond: None Known Owner Pays: Trash Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Gas Air Conditioning: Central Air Construction: Brick Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available Miscellaneous: Basement; Garages; Public Transport; W/D Hookups Alternate Uses: Residential New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Carriage Trade Realty, Inc.

Listing Agent: Nina M Masseria

Last Updated: January - 25 - 2025

The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.