Sharon Woods Village Apartments
1829 Schrock Road at Hanvey Road
(just west of Cleveland Avenue east of Karl Road)
Parcel Number
010-160635
Real Estate Taxes
$30,820 per year
Description
Two – Twenty Four Unit Buildings
Frame Garden Style Apartments.
Total 48 Apts. Good Condition inside and outside.
Central thru the wall A/C. Spacious rooms. Updated kitchen with appliances,
range, refrigerator and dishwasher. Ceiling fan in dining area. All electric HVAC.
Separate water meters.
Freshly painted and decorated.
Off street parking for apprx 80 cars.
Lovely north Columbus area in Westerville schools.
3.033 acres
Purchase Price
$1,600,000
Financing Terms
Conventional. Cash to Seller
Year Built
1976 but totally updated
General Condition
Excellent Condition. All brick and frame exteriors. Off street parking.
Well landscaped.
Typical Lease Terms
Gross Leases. Tenants pays electric and water.
Parking
Paved - On Site.
Management
Professional management available
Unit Mix
12 – One Bedroom Garden Apartments @ $429 monthly
24 - Two Bedroom Garden Apartments @ $479 monthly
12 – Two Bedroom Deluxe Apartments @ $499 monthly
Operating Summary
Gross Annual Income $255,744 Total Operating Expenses Approximately $115,000 (including taxes)
Net Operating Income Approximately $140,000
Disclaimer
This information is provided from the Seller. Operating income and
expenses will vary from year to year and change with each Owner. We believe the
data is accurate but do not guarantee it accuracy. We recommend all Investors to
seek professional advice before the purchase of any investment real estate.
Thomas Fortin & Company Inc
52 Westerville Square, Suite #375
Westerville, OH 43081
Phone: 614.348-7876 Fax: 614.890-1541 E-mail: tom@tomfortin.com