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Key Details
Sold Price $335,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Maple Grove Park
MLS Listing ID 4339669
Sold Date 09/06/22
HOA Y/N No
Year Built 1942
Annual Tax Amount $4,593
Lot Size 0.780 Acres
Acres 0.78
Property Description
(2) Apartment buildings on ~3/4 acre in the heart of Windham. The first building has 6 units, the second building has 5 units. Current occupancy is 72.3% (8/11 units). 3 units are in need of renovation/finishing. Rental rate estimates according to owner: (1) 5 or 6 bedroom unit = $1,200.00/ $1,400.00 per months. (3) 3 bedroom units = $750.00 per month. (7) 2 bedroom units = $650.00 per month. Seller pays for water and trash. The tenant pays for electricity and gas. Estimated monthly expenses for 75% occupancy is $20,400.00 per year. This includes taxes, insurance, trash, and water. Hypothetical gross yearly income at 75% occupancy is $72,000.00. Seller does all management, maintenance, and lawn care.
Location
State OH
County Portage
Rooms
Basement None
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Water Public
Schools
School District Windham Evsd - 6711
Others
Tax ID 41-057-10-00-067-000
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Bought with Catherine Middendorf • Century 21 Carolyn Riley RL Est. Srvcs.