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
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
General Property Info
Land Lease Y/N: No
Lot Size Dimensions: 60 X 79
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
Status Change Info
Status Change Date: 2021-01-29
Pending Date: 2020-12-23
Concession Comments: N/A
Close Date: 2021-01-29
Sold Price: $272,000
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 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
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 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
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
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
Financial Details
Insurance Expense: 1137
Manager Expense: 4060
New Taxes Expense: 3191.74
Other Expense: 850
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
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