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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1942
Sq.Footage
N/A
11% cap rate as is with ALL large capital improvements recently updated. New Windows, New Sidings, New Roof, New Mechanicals- each unit even got brand new A/c installed. This multi-family currently brings in $81k/year gross rent with super low expenses at just $20k/year (which includes 10% mgmt, insurance, 5% maintenance, , trash, landscaping, utilities and the rental registration. This 6 Unit consists of 4- 4 bedroom units and 2- 1 bedroom units. The 4 beds are all with PMHA and receive $1400/mo (which is about to be increased to $1500 because they are renting so fast!) The 1 beds are at $650 each and have lots of room for growth. Tenants pay ALL off their own utilities, including water & sewer. Seller is open to up to $50k of seller financing for the right buyer. Windham is a small town between 4 large metropolitan areas including Cleveland, Warren, Youngstown and Canton. Owning the nicest building in a small town creates nearly guaranteed long term tenants ( and thanks to PMHA, Guaranteed rent too) Contact Erin for more information.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.43
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$525,000
-
Tax Amount
$1,845
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Windham EVSD - 6711
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Portage
Elementary School
Windham EVSD - 6711
Middle School
High School
Listing Courtesy of Gregory Erlanger , Keller Williams Citywide
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AGENT
Gregory Sharier
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