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- MLS#203558
- TypePending
- CountyVAN WERT
- CityDelphos
- Zip45833
- StyleTwo Story,Bi-Level
- Year Built1967
- Taxes3191
- Price$ 279,500
- Bedrooms7
- Full Bathrooms7
- Half Bathrooms0
- Sqr Footage3900
Listing Provided Courtesy Of:
CHESTER STRALEY with STRALEY REALTY & AUCTIONEERS- VAN WERT
Property Description
Outstanding Class-B (7) unit multi-family apartment complex. Professionally maintained and ready for the next investor. This property is located in a great neighborhood and within walking distance to Jefferson Middle School and downtown. This 7-unit complex has low vacancy and many improved features like a newer roof and some bathrooms/kitchens are updated. Great cash flow with $42,600 in yearly incomewhich could be improved! (6) units are one-bedrooms, and 7th unit is an efficiency. All tenants are current and are never late. Standing Cap Rate is 8.5%...which could be improved by adding sub-meters and/or using RUBS! Property is total electric with the landlord paying for trash/mowing/snow removal/water/sewer. This package could be your opportunity for financial freedom. Property Management Services are available for the “hands-off” investor—special 1st year rate applies.
Price History | |
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12/21/2020 | Listed $279,500 |
General Features
Lease Type | Not for Lease |
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Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool