Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1971
Sq.Footage
N/A
Priced to sell at just under $30,000/unit! We are offering two 4 unit apartment buildings which have had approx. $70,000 in renovations and pride of ownership shows. The 2 bedroom 1 bath units are separately metered, situated on over one acre, and have a detached eight car carport. Roof and mechanical systems appear to be in good condition. Landlord has had a no pet policy since ownership and zero evictions. Income from coin operated laundry is approximately $600 per year. Current cap rate is 10.49% based on an average vacancy rate of 7% and all operating expenses. There is potential to improve cash flow further as rents are below market value. Sale includes parcels 2801222 and 2801223 plus all stoves and refrigerators.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Covered, Driveway, Outside, Unpaved
-
Pool
No
Area & Lot
-
Lot Size(acres)
1.03
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$239,900
-
Tax Amount
$3,003
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
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Location
County
Stark
Elementary School
Middle School
High School
Listing Courtesy of Tyler J. Tremelling , Kolp & Associates
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Agent / RealtorĀ®
Carla Ponikvar
Call Carla today to schedule a private showing.
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