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- LoopNet Team
2902-2908 Road 250A
Antwerp, OH 45813
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Ability to increase income & rents on property
- Great area
- Ability to decrease expenses on property
PROPERTY FACTS
| No. Units | 10 | Building Size | 9,040 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1979 |
| Building Class | C | Parking Ratio | 1.66/1,000 SF |
| Lot Size | 2.00 AC | ||
| Zoning | Apts 4-19 units(401) | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 9,040 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | Apts 4-19 units(401) |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- Laundry Service
- Trash Pickup - Curbside
ABOUT 2902-2908 ROAD 250A , ANTWERP, OH 45813
Outstanding multi-family property that is positioned perfectly with easy access to US 24. The property is situated almost directly in-between Defiance, OH & Ft. Wayne, IN. This 10-unit complex has low vacancy and strong value-add features. Great cash flow with $57,300 in yearly income…which could be improved! Standing Cap Rate is 9.3%...which could be improved! There are (3) triplexes and (1) SFD. ALL HVAC systems are modern and recently replaced. This package could be your opportunity for financial freedom. Property Management Services are available for the “hands-off” investor.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $462.50 | 853 |
| 1+1 | 4 | $425.00 | 853 |
| 3+2 | 1 | $800.00 | 1,360 |
PROPERTY TAXES
| Parcel Number | 11-32S-002-00 | Improvements Assessment | $71,610 |
| Land Assessment | $9,380 | Total Assessment | $80,990 |
PROPERTY TAXES
