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Key Details
Sold Price $459,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $136
Subdivision Hiram Bronsons Add
MLS Listing ID 4323557
Sold Date 03/29/22
Bedrooms 7
Full Baths 4
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 3,375
Year Built 1994
Annual Tax Amount $3,674
Lot Size 0.360 Acres
Acres 0.36
Property Description
7.56% R.O.I. (7.56% CAP RATE) Will be almost 9% at market rental rates.
Under rented by over $600.00 per Rent Zestimate's - 8.95% Cap Rate once increased.
100% turn - key investment - fully leased - Newer (built in 1994) 3 suiter with #3 being constructed in 2019.
Fully renovated, there is no deferred maintenance. Please see photos. Never a vacancy and a waiting list of qualified tenants.
10 car off street parking lot and 3 car attached garage. Rear porch with Trex decking and tempered glass panels for full view of adjoining 15 acre city park.
Gross Monthly Income $3,900.00/mo. Net Monthly Income $3,308.00/mo.
Proforma Cap Rate will reach 9% at market rent. Approx. $600.00 under market per Zestimate.
Solidify your cash with this real estate asset to avoid loss through inflation, failed banks, and/or the like.
Location
State OH
County Medina
Community Fitness Center, Golf, Medical Service, Other, Playground, Park, Pool, Shopping
Interior
Heating Baseboard, Forced Air, Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Range, Refrigerator
Laundry In Unit
Exterior
Garage Attached, Electricity, Garage, Garage Door Opener, Paved, Parking Lot
Garage Spaces 3.0
Garage Description 3.0
Fence Full, Privacy, Wood
Pool Community
Community Features Fitness Center, Golf, Medical Service, Other, Playground, Park, Pool, Shopping
View Y/N Yes
Water Access Desc Public
View Park/Greenbelt
Roof Type Asphalt,Fiberglass
Parking Type Attached, Electricity, Garage, Garage Door Opener, Paved, Parking Lot
Building
Lot Description < 1/2 Acre, Flat, Level
Sewer Public Sewer
Water Public
Schools
School District Medina Csd - 5206
Others
Tax ID 028-19A-17-018
Security Features Security System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Bryan Spurlock • Howard Hanna
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