2106 Parkman Rd, Warren, Ohio 44485

$45,000
6
BD
3
BA
2,430
SqFt
Sold Price
$45,000
List Price
$79,900
Status
SOLD
Stories
3
MLS#
4068109
Year Built
1930
Closing Date
Jul 23, 2019
Bedrooms
6
Bathrooms
3
Half-baths
1
Living Area
2,430
Lot Size
11,578
Region
Warren Twp/Leavittsburg
Township
Warren City
Subdivision Building
Fair View Farms

Property Description

WOW! What a spectacular Income Property! 7 or 8 car garage , and a huge loft over the 5 car garage! The first garage looks like a 2 car plus a single car garage with new 12 ft tall insulated doors. Yet it's 35 ft deep! and 2 stories tall with 12 ft. doors and loft that's 1016 sq. ft. Plus the inside is open to the next 2 Plus car garage. There are also 2 apts plus a beauty salon which can easily be transformed into a super cool apt. This whole property has newer vinyl siding & new replacement windows, newer GFA furnace & 3 breaker boxes. Inside has reznor heat. It's got it all! Heat, heavy duty electric, storage and plumbed for the mechanics minded homeowner or rent out the garage space too. All the appliances stay, newer paint and carpet inside. Only upstairs tenant now, but the 1st floor unit and the beauty salon are ready to go! Come see this outstanding value. Apt. 1, darling mud room, remodeled kitchen with stove, fridge, 2 big bedrooms, laundry rm., remodeled bath. Apt #2 has 3 bedrms, laundry rm. with pan for washer & space for gas dryer. New tub/shower surround in great bath, country kit. All appliances. 3rd flr master bedroom, newer carpet, windows, even emergency ladder. Apt. 3 beauty salon or 2 bedrm. apt. and #4 rental could be the garages! Super value. INVESTORS... here are the magic numbers annually ...Net Operating Income (NOI) $17,324, Gross Rent $22,080 (based on $640 rent for 4 units), Cash Flow $12,988.40, CAP Rate 20.87%, Cash on Cash Return 62.59%

Additional Information

Taxes
$1,156
Acres
0.2658
Exterior
Vinyl, Wood
Utilities
Public Water, Public Sewer
Roof
Asphalt/Fiberglass
Basement Description
Finished, Full
Garage Description
Attached, Drain, Electric, Heated, Parking Lot, Water Available
Garage Spaces
7
Heating
Forced Air
Cooling
Wall Unit(s)
School District
Warren CSD

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Tri Sun Real Estate. Selling Office: Tri Sun Real Estate.

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