618 W 57th St - Apartments FOR SALE


Ashtabula, OH 44004
$875,000 USD
440-346-2031
618 W 57th St, Ashtabula, OH for Sale
$875,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

618 W 57th St
Ashtabula, OH 44004


OVERVIEW

Thirteen Income Producing Properties For Sale! All single family homes in close proximity. All properties are occupied with good rental income. Tenants pay all utilities including water, sewer and trash. Tenants also pay for landscaping and snow removal, and the tenants supply kitchen appliances as well as the washer and dryer. Many of the properties have passed recent city inspections, and others are waiting to be inspected. Roofer has verified all roofs and gutters are in good condition. Properties currently bring in $11,275 per month with room to improve. Taxes and insurance total $1220 per month. Tenants pay by direct deposit. Security deposits on all tenants. Some tenants have paid the last month of their lease upfront as well. Financials to be provided with proof of funds. This property is available to be viewed. The other 12 properties to be viewed after accepted offer. Seller may consider a Lease Purchase Option with a sizeable down payment. Fantastic investment!

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$804 USD /SF

# OF UNITS

13

PRICE/UNIT

$67,308

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

051140006900

ASK ABOUT THIS PROPERTY

Joseph ZingalesBerkshire Hathaway Professional RealtyMore Info
440-346-2031

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Joseph ZingalesBerkshire Hathaway Professional RealtyMore Info
440-346-2031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.