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12-Unit Apartment Building with Seller Financing
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12-Unit Apartment Building with Seller Financing

847 Morse Road, Columbus, Ohio 43229
9,600 sq ft
Built 1988

About This Property

Well-maintained 12-unit apartment building in a growing rental market. The property has strong occupancy and stable cash flow. Seller is offering financing to qualified buyers with a substantial down payment. Ideal for investors seeking long-term rental income and the flexibility of owner financing.

Location

Leaflet | © OpenStreetMap contributors © CARTO
Seller Financing Terms

20%

Down Payment

7.25%

Interest Rate

30

Years

Est. Tax After Purchase
$13,750/yr(~$1,146/mo)

Property taxes are typically reassessed after a sale. Actual amounts vary by jurisdiction and may differ from estimates shown.

30-year amortization with 7-year balloon payment. Seller financing available to qualified buyers with substantial down payment. Strong occupancy and stable rental income.

Financing Calculator
$1,250,000
20% ($250,000)
7.25%
30 years

Determines monthly payment amount

30 years

No balloon payment (fully amortized)

Estimated Monthly Payment

$6,822

Loan Amount

$1,000,000

Total Interest

$1,455,835

Monthly Cost Breakdown
Mortgage (P&I)
$6,822/mo
Est. Property Tax
$1,146/mo
Total Est. Monthly$7,968/mo

* Property taxes are estimated at ~1.1% of purchase price annually and are typically reassessed at the new purchase price. Actual taxes may vary based on your local tax authority's rules and any applicable exemptions.

Principal vs Interest Over Time

Cumulative amounts paid over the 30-year amortization period

  • Principal Paid
  • Interest Paid

$1,250,000

Est. $6,800/mo

Why Seller Financing?

  • No bank approval needed
  • Flexible down payment
  • Faster closing process
  • Negotiable terms
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