$415,000
Delaware, OH 43015
MLS# 224012257
Status: Closed
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Property Description
This single story three-unit apartment complex contains nearly 3000 sq. ft. and is situated across from OWU with close proximity and walking distance to downtown Delaware. All units currently rented as non-smoking/no pets. Apt #1 has 2 BR's/1 BA, rent $1100/mo. (metro housing does supplement). Apt. 2 has 2 BR/1.5 BA, rent is $1000/mo. Apt. 3 has 2 BR's/1.5 BA, rent is $1100/mo. Owner supplies each unit with kitchen appliances and washer/dryer. Tenants pay all utilities (all electric, no gas). Many updates include newer light fixtures, flooring, windows, counters/cabinets, water heaters, plumbing, newer roof (approx. 7 years old), new concrete walkways/porches, and new concrete pad with 6 parking spaces (2 spaces/unit). Leases are attached to listing.
Details
Maps
Documents
Location & Property Info
List Price/SqFt: 133.48
City (Mailing Addr): Delaware
Corp LimitPerAuditor: Delaware
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Occupancy Rate: 100
Built Prior to 1978: No
Total Parking: 6
Building Sqft: 2993
Lot Size (Side): 125
Use Code: 530 - 3-FAM DWELL:PLATTED LOT
Number of Units: 3
Year Built: 1979
Acreage: 0.19
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 4490
Tax Incentive: No
Parcel #: 519-433-11-008-000
Tax Year: 2023
Remarks & Misc
Property Description: This single story three-unit apartment complex contains nearly 3000 sq. ft. and is situated across from OWU with close proximity and walking distance to downtown Delaware. All units currently rented as non-smoking/no pets. Apt #1 has 2 BR's/1 BA, rent $1100/mo. (metro housing does supplement). Apt. 2 has 2 BR/1.5 BA, rent is $1000/mo. Apt. 3 has 2 BR's/1.5 BA, rent is $1100/mo. Owner supplies each unit with kitchen appliances and washer/dryer. Tenants pay all utilities (all electric, no gas). Many updates include newer light fixtures, flooring, windows, counters/cabinets, water heaters, plumbing, newer roof (approx. 7 years old), new concrete walkways/porches, and new concrete pad with 6 parking spaces (2 spaces/unit). Leases are attached to listing.
Status Change Info
Sold Price/SqFt: 138.66
Under Contract Date: 2024-04-25
Sold Date: 2024-05-23
Sold Price: $415,000
Income/Expenses
Gross Income: 38400
Net Operating Income: 24200
Total Expenses: 14200
Addl Acceptance Cond
None Known: 1
Expenses
R.E. Taxes: 4457.16
2 Bedroom
2 Bedroom # of Units: 3
Construction
Brick: 1
Heat Fuel
Electric: 1
Parking Features
Shared Driveway: 1
Assigned: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Sewer Available: 1
Storm Sewer: 1
Water Available: 1
Miscellaneous
Survey: 1
W/D Hookups: 1
Tenant Pays
Sewer: 1
Trash Collection: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Other: 1
New Financing
Conventional: 1
Air Conditioning
None: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Sale Info
Seller Assisted Fin: N
Seller/Buyer Concessions: N
Location Property Info
Original List Price: 399500
Sold Price: $415,000
Property Sub Type: Mixed Use
Street #: 181
Street Name: Park
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: 2024-04-22
Property Features
Addl Acceptance Cond: None Known
Parking Features: Shared Driveway; Assigned
Tenant Pays: Electricity; Sewer; Trash Collection; Water
Heat Fuel: Electric
Heating: Other
Air Conditioning: None
Construction: Brick
Sewer: Public Sewer
Services Available: Electricity Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Survey; W/D Hookups
New Financing: Conventional
MLS Primary PhotoSrc: Realtor Provided
Building Info 
Listing Office: Howard Hanna Real Estate Services
Listing Agent: Heather R Kamann
Last Updated: March - 05 - 2025
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