Sheila Pierson - Coldwell Banker Heritage

Description

Great Cash Flow! College rental with tons of upside potential! Currently 9 br house with a possible 10th that could be finished in a couple days. This college rental is ready for new owners to take it to a whole different level! Located on Allentown road in a prime development area, this property includes 2+ acres, outbuilding, pond and huge home with attached 2 car garage. Recent updates include New AC, on demand hot water heater, WIFI for the tenants, and a new bathroom. 13% CAP at asking price, 15% CAP with 10th bedroom rented. 30% Cash on Cash return! Dont miss this opportunity!

Details

MLS#408476
StyleIndustrial
Sub-TypeResale
StatusActive
Year1965
Days On Site504

Features

SQ Feet3,396
Story(s)1

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Area Information

StateOH
CountyAllen
CityLima
Zip Code45805
AreaOutside / All Other Areas
Listing VS Median (in 45805)
Price:
$225,000
low | high
Med:
$112,400
100% of Average
SqFt:
3,396
low | high
Med:
1,132
100% of Average
$ / SqFt:
$66
low | high
Med:
$99
2% of Average
On Site:
504
low | high
Med:
43
100% of Average
Listing Updated: 12/18/2018
MLS Number: 408476
Listing Provided By:
Jeff Dulmage  of  Hartsock Realty