320 N Jefferson Street, Delphos, OH 45833
$272,000
Property Type:
Residential Income
Bedrooms:
7
Status:
Closed
Current Price:
$272,000
List Date:
12/21/2020
Last Modified:
9/05/2024
Description
Outstanding Class-B (7) unit multi-family apartment complex. Professionally maintained and ready for the next investor. This property is located in a great neighborhood and within walking distance to Jefferson Middle School and downtown. This 7-unit complex has low vacancy and many improved features like a newer roof and some bathrooms/kitchens are updated. Great cash flow with $42,600 in yearly incomewhich could be improved! (6) units are one-bedrooms, and 7th unit is an efficiency. All tenants are current and are never late. Standing Cap Rate is 8.5%...which could be improved by adding sub-meters and/or using RUBS! Property is total electric with the landlord paying for trash/mowing/snow removal/water/sewer. This package could be your opportunity for financial freedom. Property Management Services are available for the “hands-off” investor—special 1st year rate applies.,Additional lease options: and 12 Months
More Information MLS# 203558
Location & Property Info
Zoning: Multi-Family
School District: Delphos
AssociationY/N: No
General Property Info
Land Lease Y/N: No
Lot Size Dimensions: 60 X 79
Exceptions: 0
Legal Description: Delphos Corp; Lot 176 NPT + 19 FT VAC ST
FEMA Flood Zone Y/N: No
Bedrooms Total: 7
Rooms Total: 25
# Of Units Total: 7
Year Built: 1967
Tax Info
Parcel #: 25-048720.0000
Tax Annual Amount: 3191.74
Tax Other Annual Assessment Amount: 20.17
Remarks & Misc
Directions: Property is located on the corner of N. Jefferson St. & W. 4th St.
Public Remarks: Outstanding Class-B (7) unit multi-family apartment complex. Professionally maintained and ready for the next investor. This property is located in a great neighborhood and within walking distance to Jefferson Middle School and downtown. This 7-unit complex has low vacancy and many improved features like a newer roof and some bathrooms/kitchens are updated. Great cash flow with $42,600 in yearly incomewhich could be improved! (6) units are one-bedrooms, and 7th unit is an efficiency. All tenants are current and are never late. Standing Cap Rate is 8.5%...which could be improved by adding sub-meters and/or using RUBS! Property is total electric with the landlord paying for trash/mowing/snow removal/water/sewer. This package could be your opportunity for financial freedom. Property Management Services are available for the “hands-off” investor—special 1st year rate applies.,Additional lease options: and 12 Months
Status Change Info
Concession Comments: N/A
Status Change Date: 2021-01-29
Pending Date: 2020-12-23
Close Date: 2021-01-29
Sold Price: $272,000
Community Features
Coin Laundry: 1
Unit 1 Info
Efficiency Y/N: No
# of Bedrooms: 1
# of Full Baths: 1
Total Baths (Legacy): 1
SqFt: 600
Monthly Income: 500
Furnished Y/N: No
# of Total Rooms: 4
Unit 1 Features
Oven: 1
Range: 1
Refrigerator: 1
Smoke Detector(s): 1
Construction Materials
Brick: 1
Unit 2 Info
Efficiency Y/N: No
# of Bedrooms: 1
# of Full Baths: 1
Total Baths (Legacy): 1
SqFt: 600
Monthly Income: 500
Furnished Y/N: No
# of Total Rooms: 4
Cooling
Wall Unit(s): 1
Window Unit(s): 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Unit 2 Features
Oven: 1
Range: 1
Refrigerator: 1
Smoke Detector(s): 1
Unit 3 Info
Efficiency Y/N: No
# of Bedrooms: 1
# of Full Baths: 1
Total Baths (Legacy): 1
SqFt: 600
Monthly Income: 500
Furnished Y/N: No
# of Total Rooms: 4
Unit 3 Features
Oven: 1
Range: 1
Refrigerator: 1
Smoke Detector(s): 1
Unit 4 Info
Efficiency Y/N: No
# of Bedrooms: 1
# of Full Baths: 1
Total Baths (Legacy): 1
SqFt: 600
Monthly Income: 450
Furnished Y/N: No
# of Total Rooms: 4
Financial Details
Insurance Expense: 1137
Manager Expense: 4060
New Taxes Expense: 3191.74
Other Expense: 850
Unit 4 Features
Oven: 1
Range: 1
Refrigerator: 1
Smoke Detector(s): 1
Unit 5 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
SqFt: 600
Monthly Income: 550
Furnished Y/N: No
# of Total Rooms: 4
Heating
Baseboard: 1
Electric: 1
Unit 6 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
SqFt: 600
Monthly Income: 500
Furnished Y/N: No
# of Total Rooms: 4
Unit 7 Info
Efficiency Y/N: Yes
# of Bedrooms: 1
Total Baths (Legacy): 1
SqFt: 300
Monthly Income: 350
Furnished Y/N: No
# of Total Rooms: 1
Foundation
Slab: 1
Sewer
Public Sewer: 1
Owner Pays
Electricity: 1
Grounds Care: 1
Snow Removal: 1
Trash Collection: 1
Water: 1
Tenant Pays
Cable TV: 1
Cooling: 1
Deposit: 1
Electricity: 1
Heating: 1
Special Listing Conditions
Fair Market: 1
Parking Features
Off Street: 1
On Street: 1
Levels
Two: 1
Bi-Level: 1
Water Source
Public: 1
Roof
Asphalt: 1
Records At Listing Office
Lease: 1
Location Property Info
Current Price: $272,000
Original List Price: 279500
Property Sub Type: Multi Family
Sold Price: $272,000
Status: Closed
List Date: 2020-12-21
Street #: 320
Street Direction Prefix: N
Street Name: Jefferson
Street Suffix: Street
County: Van Wert
State: OH
Postal Code: 45833
Property Features
Unit 1 Features: Oven; Range; Refrigerator; Smoke Detector(s)
Unit 2 Features: Oven; Range; Refrigerator; Smoke Detector(s)
Unit 3 Features: Oven; Range; Refrigerator; Smoke Detector(s)
Unit 4 Features: Oven; Range; Refrigerator; Smoke Detector(s)
Community Features: Coin Laundry
Construction Materials: Brick
Cooling: Wall Unit(s); Window Unit(s)
Foundation: Slab
Heating: Baseboard; Electric
Levels: Two; Bi-Level
Listing Terms: Cash; Conventional; FHA
Owner Pays: Electricity; Grounds Care; Snow Removal; Trash Collection; Water
Parking Features: Off Street; On Street
Records At Listing Office: Lease
Roof: Asphalt
Sewer: Public Sewer
Special Listing Conditions: Fair Market
Tenant Pays: Cable TV; Cooling; Deposit; Electricity; Heating
Water Source: Public
Listing Office:
Straley Realty & Auctioneers- Van Wert
Last Updated: September - 05 - 2024
IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data deemed reliable, but is not guaranteed accurate.