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By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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The Gathering House - Housepitality - Turn-key short term rental with furniture and management in place.

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Columbus, OH 43202

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$255,000
3
2
1,358
sq. ft.
$188
per sq ft
Heated sq ft: 1,358 sq ft
Avg Nightly Rate: $161
Home Legally Sleeps: 10
Occupancy Rate: 41 weeks
Annual Gross Income : 41381
Annual Net Operating Income : 22651
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: City Life, Couples/Romance, Pet Friendly, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 2096

Property Description

Attention investors! The Gathering house is available for sale. This 3 (potentially 4) bedroom house is currently one of the most successful short-term rentals on Airbnb. This fully furnished and managed rental available for sale as a package, or it could be a perfect home for owner-occupant! Agent owned. This home would also be great for a student rental. This unique house has skylights, a loft, and lots of natural light! Many upgrades completed with newer roof, siding, windows, kitchen and bathrooms. Granite countertops, a jetted tub, and huge fenced in back yard with lots of off-street parking. This location can't be beat!

Presented by:
Owner:
Benjamin Vail
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 350
Low: 75
Peak: 450
Special Event: 750
Avarage: 161.00
Furniture Age
3
Est Value of Furnishings
$10,000
Peak & High Seasons
March, April, May, June, July, August, September, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
I own and operate the management company Housepitality. This house was our 2nd project to develop into a successful short-term rental, and sell to a passive investor with our management services still in place. I do not need to sell this house, the income is great! However I do want to pull the equity out, and buy a new project to develop in a similar way.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
41381
Net Operating Income
22651
Stories
3
Additional Indoor Rooms
Living Room, Unfinished basement
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace
Floor Coverings
Carpet, Real Hardwood, Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Double pane-low emissivity windows, Energy Efficient Insulation, Programmable thermostat, Skylights, Smart meters
Year built
1915
Outdoor Features
Fenced/Gated Yard, Porch - Not screened
View
No view
Backyard Exposure
North
Lot Size
0.1 acres more or less
Community Features
Arcade, Bar
Tax Amount/Year
$3,840
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Arcade, Bar
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
3+ off street parking spots. Free street parking.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
Yes, The city of Columbus has passed investor-friendly STR laws that go in effect 3/1/19. Just apply for a permit, $150, and pay the 10% TOT tax. Our management team can apply for the permit for you.
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$10.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
Inquire
Occupancy Rate
41
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$25.00
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Existing database of guests, Professional photos
Manager Cancellation Policy
Strict
 
  •  
Credit Card Fee
$2.60
Cleaning Fee
$75.00
Licesnes & Permits (Annual)
$150.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$220.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$828.00
Water/Sewer (Annual)
$810.00
Cable/Interbet (Annual)
$550.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$3,840.00
Homeowner's Insurance (Annual)
$880.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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