$242,500
152 W Central Avenue
Delaware, OH 43015
MLS# 223016941
Status: Closed



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Property Description
This property is need need of serious TLC. . .but the opportunities are infinite. This property is a 4 unit mixed used building with 2 residential garden style apartments and 2 commercial single story units. There is only one residential unit occupied. This property is ripe for re-development and priced to do so. The property is zoned Single family residential, but it is grandfathered as a mix used 4 unit commercial property and there is already a variance in place with the City of Delaware to knock down the 2 commercial units and build a separate double on the back of the property. You could buy to build a new single family house, buy to keep this property as is and renovate, or buy to develop new residential units. Property is being sold as is where is.

Details
Maps
Location & Property Info
List Price/SqFt: 61.74
City (Mailing Addr): Delaware
Corp LimitPerAuditor: Delaware
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 4049
Lot Size (Side): 206
Use Code: 431 - APARTMENTS OVER OFFICE
Number of Units: 4
Year Built: 1910
Acreage: 0.36
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 4036
Parcel #: 519-432-15-013-000
Tax Year: 2022
Remarks & Misc
Property Description: This property is need need of serious TLC. . .but the opportunities are infinite. This property is a 4 unit mixed used building with 2 residential garden style apartments and 2 commercial single story units. There is only one residential unit occupied. This property is ripe for re-development and priced to do so. The property is zoned Single family residential, but it is grandfathered as a mix used 4 unit commercial property and there is already a variance in place with the City of Delaware to knock down the 2 commercial units and build a separate double on the back of the property. You could buy to build a new single family house, buy to keep this property as is and renovate, or buy to develop new residential units. Property is being sold as is where is.
Status Change Info
Sold Price/SqFt: 59.89
Under Contract Date: 2023-06-09
Sold Date: 2023-07-31
Sold Price: $242,500
Income/Expenses
Gross Income: 6000
Net Operating Income: 1500
Total Expenses: 4500
Addl Acceptance Cond
None Known: 1
2 Bedroom
2 Bedroom # of Units: 2
Parking Features
2 Car Garage: 1
Attached Garage: 1
Sewer
Public Sewer: 1
Other
Other # of Units: 2
Miscellaneous
Building Plans: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 250000
Sold Price: $242,500
Property Sub Type: Mixed Use
Street #: 152
Street PreDirection: W
Street Name: Central
Street Suffix: Avenue
County: Delaware
State: OH
Zip Code: 43015
School District: DELAWARE CSD 2103 DEL CO.
Township: None
OfficeContract Info
Status: Closed
MLS Entry Date: 2023-06-06
Property Features
Addl Acceptance Cond: None Known
Parking Features: 2 Car Garage; Attached Garage
Sewer: Public Sewer
Miscellaneous: Building Plans
MLS Primary PhotoSrc: Realtor Provided

Listing Office: 5812 Investment Group, LLC
Listing Agent: Christina Houghtaling

Last Updated: March - 01 - 2025

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