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58th Street W

Ashtabula, OH 44004
  • $1,050,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 4383693
UPDATED: 54 min ago
$1,050,000
  • 0
    BEDS
  • 2.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,138
    SQFT
  • $52
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Novella Realty, Llc..
Listing information © 2022 YES-MLS.

Description

This is a multi-property portfolio sale including 17 total rental units. Package is made up of 1 duplex, 16 single family homes and a bonus of 3 additional vacant lots adding potential to build more. All are located within a close proximity to each other for easier management in Ashtabula, OH. Gross rents of $12,380. Owner pays sewer & trash for each unit, rough estimate of $5,100 per year. Annual tax $13,774. Annual Insurance Expense $5,739. To arrive at an 11% cap, a vacancy allowance and estimated maintenance allowance were also added into the expenses at 2% of gross rent each, or $2,971 each. NOI including those estimates comes to $118,004. Average year built of these homes is 1911, all are older than 1925. Out of the 17 units, 12 have been occupied by the same people for 2 or more years, so stable tenants who mainly pay cash rents. Full rent roll including improvements list available upon request.

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Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Jose Medina and Associates | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-08-10T15:09:27.057.
www.mystarkcountyhome.com/homes/130005722
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58th Street W Ashtabula, OH 44004

  • Price: $1,050,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 54 min ago
  • MLS #: 4383693
0
Beds
0
Baths
0
½ Baths
2.38
Acres
20,138
SQFT
$52
$/SQFT
1900
Built
Neighborhood:
Ashtabula
County:
Ashtabula
Area:
Ashtabula
Property Description
This is a multi-property portfolio sale including 17 total rental units. Package is made up of 1 duplex, 16 single family homes and a bonus of 3 additional vacant lots adding potential to build more. All are located within a close proximity to each other for easier management in Ashtabula, OH. Gross rents of $12,380. Owner pays sewer & trash for each unit, rough estimate of $5,100 per year. Annual tax $13,774. Annual Insurance Expense $5,739. To arrive at an 11% cap, a vacancy allowance and estimated maintenance allowance were also added into the expenses at 2% of gross rent each, or $2,971 each. NOI including those estimates comes to $118,004. Average year built of these homes is 1911, all are older than 1925. Out of the 17 units, 12 have been occupied by the same people for 2 or more years, so stable tenants who mainly pay cash rents. Full rent roll including improvements list available upon request.
Exterior Features

Levels Two Parking Features On SitePrivate Roof AsphaltFiberglass

Interior Features

Basement FullUnfinished Basement YN Yes Building Area Total 20138 Cooling Central AirWall Unit(S) Cooling YN Yes Heating Forced AirGas Heating YN Yes

Property Features

Above Grade Finished Area 20138 Current Use Residential Insurance Expense 5739 Lease Considered YN No Listing Terms CashConventional Net Operating Income 118004 Owner Pays SewerTrash Collection Ownership Principal/Nr Property Sub Type Other Sewer Public Sewer Tenant Pays ElectricityGasWater Water Source Public Year Built Details Actual Ybt

Listing information © 2022 YES-MLS.
Listing provided courtesy of Novella Realty, Llc..
Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Jose Medina and Associates | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-08-10T15:09:27.057.
 
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Jose Medina and Associates | Keller Williams Legacy Group Realty
1401 South Main St. Suite 101
North Canton OH, 44720
Listing courtesy of Novella Realty, Llc..
Listing information © 2022 YES-MLS.