860 Center Street, Ashtabula, OH 44004 (MLS # 4393406)

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PRICE $177,500 dsIDX morgage calculator
BEDS 6
BATHS 4
HOME SIZE 3,960 sqft
LOT SIZE 10,890 sqft

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
YEAR BUILT 1900 COMMUNITY Ashtabula Township
COUNTY Ashtabula STATUS Sold
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Window Unit(s)
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
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TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 860 CENTER STREET
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Listing provided by: Shawni L Marich, Novella Realty, LLC.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Novella Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).

Listing information is deemed reliable, but not guaranteed.

Data Last Updated: 3/28/24 10:28 PM PDT


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