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USAOHAthens71 W Washington St
71 W Washington St, Home with 7 bedrooms, 5 bathrooms and null parking in Athens OH | Image 1
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$295,000

71 W Washington St, Athens, OH

Real Estate

For Sale

$--,---,---
750
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2265 sqft
Garage No
Taxes $5,114
Days Active 8
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $130
MLS® Number 2433553

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Attention Investors! SOLID investment offering! No matter how you approach the valuation of this property, you arrive to the same conclusion: You can purchase this below-market property right now, invest a little capital, market immediately (and there are tons of anxious, prospective renters in the market right now) and profit! This five unit multi-family dwelling has four single units and one three occupant unit. Let me walk you through the valuation... Estimate a conservative gross potential income of $42, 000, subtract operating expenses, property tax and insurance premium and you end up with a net operating income of over $25, 000. After applying locally appropriate cap rate, the valuation you end up with is 25% higher than this list price! This is an opportunity for a seasoned investor to add to their portfolio or for a newer investor to start. This property is currently vacant, but has an active rental permit with Athens Code Enforcement for a total occupancy of seven.Show Description
MLS® Number2433553
Laundry Level
Central VacNo
FireplaceNo
Acreage0.16
ExteriorRain Gutters
GarageNo
Approx. Age1900
Basement
Driveway
Garage Spaces
HeatFurnace-Gas, Wall Heater
A/CCentral Air HP
Heating Fuel

Extras

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