$451,000
$458,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
465 E Pike Street Morrow, OH 45152
15 Beds
8 Baths
5,838 SqFt
Key Details
Sold Price $451,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,838 sqft
Price per Sqft $77
MLS Listing ID 880206
Sold Date 04/21/23
Bedrooms 15
Full Baths 7
Half Baths 1
Year Built 1953
Annual Tax Amount $460
Lot Size 1.450 Acres
Lot Dimensions Of Record
Property Sub-Type 5+ Units
Property Description
Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Short distance to The Village of Morrow!
Location
State OH
County Warren
Zoning Residential
Rooms
Basement Full
Interior
Heating Other
Cooling None
Exterior
Parking Features None
Building
Structure Type Aluminum
Schools
School District Little Miami
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Bought with Coldwell Banker Heritage