329 Beaver Street, Celina, OH 45822
$230,000
Property Type:
Residential Income
Bedrooms:
6
Status:
Closed
Current Price:
$230,000
List Date:
6/22/2021
Last Modified:
9/05/2024
Description
Feast your eyes (and portfolio) on this outstanding and unique multi-family property. The property 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! The NOI is $23,380.00...which could be improved. Standing Cap Rate is over 8%...which could be improved! The owner takes great pride in maintaining a professional residential complex. There are (6) one-bedroom apartments plus 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. The property has one electric, gas, and water meter. There is also a laundry facility that features a coin-operated washer and dryer. This package could be your opportunity for financial freedom. Property Management Services are available for the 'hands- off' investor.
More Information MLS# 205438
Location & Property Info
Zoning: Multi-Family
School District: Celina Schools
AssociationY/N: No
General Property Info
Land Lease Y/N: No
Exceptions: n/a
Legal Description: Overly & Conklin Add Lot 30
FEMA Flood Zone Y/N: No
Bedrooms Total: 6
Rooms Total: 0
# Of Units Total: 6
Tax Info
Parcel #: 27-233500.0000
Tax Annual Amount: 1456.56
Remarks & Misc
Public Remarks: Feast your eyes (and portfolio) on this outstanding and unique multi-family property. The property 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! The NOI is $23,380.00...which could be improved. Standing Cap Rate is over 8%...which could be improved! The owner takes great pride in maintaining a professional residential complex. There are (6) one-bedroom apartments plus 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. The property has one electric, gas, and water meter. There is also a laundry facility that features a coin-operated washer and dryer. This package could be your opportunity for financial freedom. Property Management Services are available for the 'hands- off' investor.
Status Change Info
Concession Comments: None
Status Change Date: 2021-12-23
Pending Date: 2021-12-13
Close Date: 2021-12-23
Sold Price: $230,000
Unit 1 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
Monthly Income: 600
Furnished Y/N: No
Construction Materials
Other: 1
Architectural Style
Other: 1
See Remarks: 1
Unit 2 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
Monthly Income: 540
Furnished Y/N: No
Cooling
Central Air: 1
Listing Terms
Cash: 1
Unit 3 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
Monthly Income: 540
Furnished Y/N: No
Unit 4 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
Monthly Income: 525
Furnished Y/N: No
Unit 5 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
Monthly Income: 500
Furnished Y/N: No
Heating
Forced Air: 1
Other: 1
Unit 6 Info
Efficiency Y/N: No
# of Bedrooms: 1
Total Baths (Legacy): 1
Monthly Income: 600
Furnished Y/N: No
Foundation
Slab: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Fair Market: 1
Water Source
Public: 1
Location Property Info
Current Price: $230,000
Original List Price: 289900
Property Sub Type: Multi Family
Sold Price: $230,000
Status: Closed
List Date: 2021-06-22
Street #: 329
Street Name: Beaver
Street Suffix: Street
County: Mercer
State: OH
Postal Code: 45822
Property Features
Architectural Style: Other; See Remarks
Construction Materials: Other
Cooling: Central Air
Foundation: Slab
Heating: Forced Air; Other
Listing Terms: Cash
Sewer: Public Sewer
Special Listing Conditions: Fair Market
Water Source: Public
Listing Office:
Straley Realty & Auctioneers- Van Wert
Last Updated: September - 05 - 2024
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