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147 & 155 3rd Street 147-155 3rd St 11 Unit Apartment Building $1,150,000 ($104,545/Unit) 7.28% Cap Rate Wadsworth, OH 44281
Investment Highlights
- Package Totaling 11 Well-Maintained Units
- Tenants Pay All Utilities
- History of Low Vacancy Rates
- 10-2 Bedroom/1 Bath Units with Garage Spaces
- Most Units Completely Renovated
- Properties are located within 1/2 mile of each other
Executive Summary
Package Sale of 11 total multi-family units in Wadsworth. Eight apartment units located at 147 & 155 Third Street is for sale along with three apartment units at 340 Oak Street.
The two, four-unit properties located at 147 & 155 Third Street consist of two bedrooms and one bathroom with a patio area. Each unit has a garage space that goes with the unit. Most of the units have been completely renovated. Each tenant pays all utilities including water, sewer, and trash.
The tri-plex located at 340 Oak Street is comprised of a pair of two bedroom and one-bathroom units and a one bedroom and one-bathroom unit. Each unit has a garage space that goes with the unit. Two of the three units have been renovated. Each tenant pays all utilities including water, sewer, and trash.
This package of multi-family units offers a great opportunity to purchase multi-family properties with a low vacancy history which are located within 1/2 mile of each other near the center of Wadsworth. Please call Ed Jesson at 330-760-4494 or Joe Zumpano at 330-990-0847 for a private tour.
*PLEASE DO NOT DISTURB THE TENANTS*
The two, four-unit properties located at 147 & 155 Third Street consist of two bedrooms and one bathroom with a patio area. Each unit has a garage space that goes with the unit. Most of the units have been completely renovated. Each tenant pays all utilities including water, sewer, and trash.
The tri-plex located at 340 Oak Street is comprised of a pair of two bedroom and one-bathroom units and a one bedroom and one-bathroom unit. Each unit has a garage space that goes with the unit. Two of the three units have been renovated. Each tenant pays all utilities including water, sewer, and trash.
This package of multi-family units offers a great opportunity to purchase multi-family properties with a low vacancy history which are located within 1/2 mile of each other near the center of Wadsworth. Please call Ed Jesson at 330-760-4494 or Joe Zumpano at 330-990-0847 for a private tour.
*PLEASE DO NOT DISTURB THE TENANTS*
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | - |
| 1+1 | 1 | - | - |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $159,500 (2024) | |
| Land Assessment | $34,260 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $125,240 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$34,260 (2024)
Improvements Assessment
$125,240 (2024)
Total Assessment
$159,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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