860 Center Street, Ashtabula, OH 44004

$199,000
6
BD
4
BA
3,960
SqFt
List Price
$199,000
Status
ACTIVE
Stories
2
MLS#
YES-MLS-4393406
Year Built
1900
Bedrooms
6
Bathrooms
4
Living Area
3,960
Region
Ashtabula Township

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.

Additional Information

Acres
0.25
Sewer
Public Sewer
Exterior Features
Paved Driveway, Unpaved Driveway
Roof
Asphalt, Fiberglass
Water
Public
Heating
Forced Air, Gas
Cooling
Window Unit(s)
School District
Ashtabula Area CSD

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of: Shawni L Marich, Shawni L Marich With Novella Realty, LLC.


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