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5219 Jaycee Avenue

Ashtabula, OH 44004
  • $3,466,400
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 4419700
UPDATED: 29 min ago
$3,466,400
  • 0
    BEDS
  • 2.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 38,143
    SQFT
  • $91
    $/SQFT
Type:
Commercial
Built:
1995
County:
Area:

School Ratings & Info

Listing courtesy of Keller Williams Grt Cleve Ne.
Listing information © 2023 YES-MLS.

Description

Seven buildings with 56 residential units. (28)1-bedroom units and (28)2-bedroom units. Five of seven roofs replaced in recent years. All new electrical service in each apartment with each unit separately metered. Two retaining walls installed. Onsite laundry present. 43% of tenants in place more than four years. Rents have not been adjusted to market rates by current ownership. Significant upside in potential gross rents at 2023 HUD FMR plus ability to decrease operating costs can yield 9.08% proforma capitalization rate. Assumable Freddie Mac financing at 4.7%.

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Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Holden Agency are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-01-30T22:08:22.687.
www.theholdenagencyre.com/homes/134428938
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5219 Jaycee Avenue Ashtabula, OH 44004

  • Price: $3,466,400
  • Status: Active
  • On Site: 89 Days
  • Updated: 29 min ago
  • MLS #: 4419700
0
Beds
0
Baths
0
½ Baths
2.93
Acres
38,143
SQFT
$91
$/SQFT
1995
Built
County:
Ashtabula
Area:
Ashtabula
Property Description
Seven buildings with 56 residential units. (28)1-bedroom units and (28)2-bedroom units. Five of seven roofs replaced in recent years. All new electrical service in each apartment with each unit separately metered. Two retaining walls installed. Onsite laundry present. 43% of tenants in place more than four years. Rents have not been adjusted to market rates by current ownership. Significant upside in potential gross rents at 2023 HUD FMR plus ability to decrease operating costs can yield 9.08% proforma capitalization rate. Assumable Freddie Mac financing at 4.7%.
Exterior Features

Levels One Parking Features DrivewayOn SiteOutsidePrivate Roof AsphaltFiberglassFlat

Interior Features

Basement None Basement YN No Building Area Total 38143 Building Features Pole Sign Cooling Wall Unit(S) Cooling YN Yes

Property Features

Above Grade Finished Area 38143 Lease Considered YN No Listing Terms AssumableCashConventionalTrade Net Operating Income 178316 Owner Pays SewerTrash CollectionWater Ownership Principal/Nr Property Sub Type Apartment Sewer Public Sewer Tenant Pays Cable TvElectricity Township Ashtabula City Water Source Public Year Built Details Actual Ybt

Listing information © 2023 YES-MLS.
Listing provided courtesy of Keller Williams Grt Cleve Ne: (440) 255-5500.
Listing information © 2023 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Holden Agency are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2023-01-30T22:08:22.687.
 
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The Holden Agency
28 Park Ave West
Mansfield OH, 44902
Listing courtesy of Keller Williams Grt Cleve Ne.
Listing information © 2023 YES-MLS.