Great Buy and Hold Opportunity!
450 1⁄2 14th St & 218 1⁄2 8th St Wellsville, Ohio 43968
2 DUPLEXES PACKAGE DEAL in Wellsville, Ohio!
PRICE: $115,000
ARV: $171,864
Actual Rent: $1,625/month
Potential Rent: $3,025/month
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Unit Mix:
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Three 2 Bedroom/1 Bath Units
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One 1 Bedroom/1 Bath Unit
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Occupancy: 75% Vacant
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Market Rents: $500-$575/Unit. One Unit is currently vacant.
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Market Rents: $550-$825/Unit
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Taxes: $1,444
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Insurance: $601
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Utilities: Tenants pay for all utilities except for gas.
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Building Square Footage:
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450 1⁄2 14th St - 1,848 sq ft
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218 1⁄2 8th St - 944 sq ft
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Lot Size:
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450 1⁄2 14th St - 3,920 sq ft
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218 1⁄2 8th St - 1,306 sq ft
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Year Built:
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450 1⁄2 14th St - 1920
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218 1⁄2 8th St - 1971
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Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.
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Cap Rate (Pro Forma): 25.41% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)
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Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)
TEXTING IS THE FASTEST WAY TO GET A HOLD OF US!
If you have any questions about this property, please contact:
Primary Contact: Todd Keith (463) 240-1822
Important Disclosures Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.