Lake Home Off Market
Feast your eyes (and portfolio) on this outstanding and unique multi-family property. Theproperty is situated in a quiet area of Celina, Ohio and Grand Lake is within walking distance.This 6-unit complex has low vacancy and strong value-add features. Great cash flow with$41,160.00 in yearly income...which could be improved! TheNOI is $23,380.00...which could beimproved. Standing Cap Rate is over 8%...which could be improved! The owner takes greatpride in maintaining a professional residential complex. There are (6) one-bedroom apartmentsplus garage space below them. One unit is downstairs and the other five are upstairs. There is also approximately 3600 sq feet of shop space with a cement floor and electric. Theproperty has one electric, gas, and water meter. There isalso a laundry facility that features a coin-operated washer and dryer. This package could be youropportunity for financial freedom. Property Management Services are available for the 'hands-off' investor.Property Details
- Beds: 6
- Baths: 6.0
- Sq Feet: 7632
- Year Built: 1979
- Location: Grand Lake St. Marys
- County: Mercer County
- Community: Overly & Conklin Add
- Heat/AC: Forced Air
- Property Taxes: $728
- MLS #: 1011312
Location
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Ad Statistics:
| Ad Number : | 1827090 |
| Viewed: | 564 times |
| Added: | Sep 30, 2021 |
| Updated on: | Sep 30, 2021 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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