MORSE CREEK COMMONS APARTMENTS 70 - 2BRTH in North Columbus. All brick exteriors. Spacious interiors. High rental demand. High visibiity. Long time Owner/Manager getting ready to retire. There are long term tenant who are paying below market rentals. Average rent today is only $690. New residents will pay $795. Neighborhood average rent is $1095. This property does need cosmetic and other improvements but such remodeling will yield higher income. See Documents attached. . High demand spacious floor plans. Plenty of off street parking.. Lots of potential for smart operators. Please do not disturb residents. Contingent curb offerings only. Thank you. .
Property Features
Bathrooms
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
- Heating: Yes
Land Info
- Lot Size Acres: 3.69
- Lot Size Square Feet: 160736
Rental Info
Multi-Unit Info
School Information
- High School District: COLUMBUS CSD 2503 FRA CO.
- School District: COLUMBUS CSD 2503 FRA CO.
Other Property Info
- Standard
- Annual Tax Amount: 48724
- Source Listing Status: Active
- County: Franklin
- Cross Street: Morse Road
- Tax Year: 2021
- Source Property Type: Multi-Family
- Property Subtype: townhouse
- Owner Pays: Trash Collection
- Parcel Number: 010-012830
- Property Subtype: Townhouse
Commercial Info
- Net Operating Income: 324405
- Operating Expense: 255195
Building and Construction
- Year Built: 1974
- Property Age: 51
Utilities
- Sewer: Public Sewer
- Water Available
- Sewer Available
- Electricity Available
- Storm Sewer