860 Center Street, Ashtabula, OH 44004 (MLS # 4393406)
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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.
DAYS ON MARKET | 57 | LAST UPDATED | 9/15/2022 |
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YEAR BUILT | 1900 | COMMUNITY | Ashtabula Township |
COUNTY | Ashtabula | STATUS | Sold |
PROPERTY TYPE(S) | Multi Family |
ADDITIONAL DETAILS | |
AIR | Window Unit(s) |
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AIR CONDITIONING | Yes |
AREA | Ashtabula Township |
BASEMENT | Full, Unfinished, Yes |
CONSTRUCTION | Vinyl Siding |
EXTERIOR | Paved Driveway, Unpaved Driveway |
GARAGE | No Garage |
HEAT | Forced Air, Gas |
LOT | 0.25 acre(s) |
SEWER | Public Sewer |
STORIES | 2 |
WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: Shawni L Marich, Novella Realty, LLC.
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Data Last Updated: 3/28/24 10:28 PM PDT
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