$600,000
$625,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
Westerville, OH 43081
4,568 SqFt
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Other Com
Listing Status Sold
Purchase Type For Sale
Square Footage 4,568 sqft
Price per Sqft $131
Subdivision Otterbein University Campus
MLS Listing ID 225009635
Year Built 1870
Annual Tax Amount $9,942
Lot Size 0.270 Acres
Property Sub-Type Other Com
Property Description
Located on the Otterbein University Campus, home of the Tau Epsilon Mu (TEM) Sorority for approximately 60 years. 11 bedrooms (3 on main floor, 8 Up); 3 Full baths (1 on main floor and 2 Up); 3 Living/Community Spaces, Eat-in Kitchen with a Refrigerator Room, 2 car attached garage with attic storage, House Attic Storage and Cellar. Covered Front Porch and Side Entrance. Sorority owns all appliances, including washer & dryer, and pays all utilities. Landlord cuts grass. NOI is based on current rents and taxes & insurance. Current 5-year lease ends 8/31/2026. Current rent is 8/31/2025 is $61,398. Annual Rent until 8/31/2026 is $62,556. Partial Roof Replacement (2022); Tankless Water Heater (2021), 200-AMP Electrical Panel (2020). Gas Ignited Water Boiler for Heat. Window A/C.
Location
State OH
Community Otterbein University Campus
Area 0.27
Rooms
Other Rooms None
Dining Room No
Interior
Heating Hot Water
Equipment No
Laundry No Laundry Rooms
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