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147 3rd St - 147 & 155 3rd Street 8 Unit Apartment Building Offered at $885,000 at a 7% Cap Rate Wadsworth, OH 44281
INVESTMENT HIGHLIGHTS
- 8 Well-Maintained Units
- Low Vacancy Rate
- Tenants Pay All Utilities
- 2 Bedroom/1 Bath Units with Garage Spaces
- Close to Wadsworth High School
- Most Units Completely Renovated
EXECUTIVE SUMMARY
Eight-unit apartments with detached garages available for sale in Wadsworth. These units are 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. These two, four-unit buildings are in great condition and offer a great opportunity to purchase a complex with a low vacancy history near the center of Wadsworth.
*PLEASE DO NOT DISTURB THE TENANTS*
*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 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 040-20D-04-183 | Total Assessment | $79,750 (2024) |
| Land Assessment | $17,130 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $62,620 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
040-20D-04-183
Land Assessment
$17,130 (2024)
Improvements Assessment
$62,620 (2024)
Total Assessment
$79,750 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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147 3rd St - 147 & 155 3rd Street
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