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860 Center Street

Ashtabula, OH 44004
  • $199,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 4393406
UPDATED: 95 min ago
$199,000
  • 6
    BEDS
  • 0.25
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,960
    SQFT
  • $50
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

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

Description

Four-unit rental building located in Ashtabula. Tenants pay electric and gas; landlord pays water, sewer and trash. Made up of two 2-bedroom units and two 1-bedroom units. Unit 4 was completed remodeled in April 2022. All other units have been nicely maintained. Unit 4 has a divided basement all its own with block foundation. The other units sit on a full basement too for easy access to all utilities & major components. All units separately metered. Most plumbing swapped to pvc. Newer roof and siding. Offered at about a 12% cap rate, which includes a 2% maintenance and 2% vacancy rate allowance estimate, taxes, insurance and seller paid utilities. Gross income at current rents is around $29,400 per year. Property tax Expense: $2,190/year. Homeowner's Insurance Expense Approximately $700/year. Water/Sewer/Trash runs about $100/month or $1,200 per year. Estimated net income before maintenance/vacancy expense: $25,310.

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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 2022-08-14T00:08:17.597.
www.mystarkcountyhome.com/homes/131148801
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860 Center Street Ashtabula, OH 44004

  • Price: $199,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 95 min ago
  • MLS #: 4393406
6
Beds
4
Baths
0
½ Baths
0.25
Acres
3,960
SQFT
$50
$/SQFT
1900
Built
Neighborhood:
Ashtabula Township
County:
Ashtabula
Area:
Ashtabula Township
School District:
Ashtabula Area CSD
Property Description
Four-unit rental building located in Ashtabula. Tenants pay electric and gas; landlord pays water, sewer and trash. Made up of two 2-bedroom units and two 1-bedroom units. Unit 4 was completed remodeled in April 2022. All other units have been nicely maintained. Unit 4 has a divided basement all its own with block foundation. The other units sit on a full basement too for easy access to all utilities & major components. All units separately metered. Most plumbing swapped to pvc. Newer roof and siding. Offered at about a 12% cap rate, which includes a 2% maintenance and 2% vacancy rate allowance estimate, taxes, insurance and seller paid utilities. Gross income at current rents is around $29,400 per year. Property tax Expense: $2,190/year. Homeowner's Insurance Expense Approximately $700/year. Water/Sewer/Trash runs about $100/month or $1,200 per year. Estimated net income before maintenance/vacancy expense: $25,310.
Exterior Features

Construction Materials Vinyl Siding Exterior Features Paved DrivewayUnpaved Driveway Fencing Privacy Garage YN No Parking Features No Garage Roof AsphaltFiberglass

Interior Features

Basement FullUnfinished Basement YN Yes Building Area Total 3960 Cooling Window Unit(S) Cooling YN Yes Heating Forced AirGas Heating YN Yes Laundry Features None

Property Features

Above Grade Finished Area 3960 Direction Faces North Gross Income 29400 Home Warranty YN No Listing Terms CashConventional Number Of Units In Community 4 Owner Pays SewerTrash CollectionWater Property Sub Type Quadruplex Sewer Public Sewer Tenant Pays ElectricityGas Water Source Public Year Built Details Not Verifiable

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 2022-08-14T00:08:17.597.
 
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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.