860 Center Street

Ashtabula, OH 44004

$177,500
Last Sold Price
6
Beds
3,960 Sq. Ft.
$45 / Sq. Ft.
3,960
Sq. Ft.
$45
per Sq. Ft.
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Closed 9/14/22
Closed 9/14/22

Description

Four-unit rental building located in Ashtabula. Tenants pay electric and gas; landlord pays water, sewer and trash. Made up of two 2-bedroom units and two 1-bedroom units. Unit 4 was completed remodeled in April 2022. All other units have been nicely maintained. Unit 4 has a divided basement all its own with block foundation. The other units sit on a full basement too for easy access to all utilities & major components. All units separately metered. Most plumbing swapped to pvc. Newer roof and siding....Four-unit rental building located in Ashtabula. Tenants pay electric and gas; landlord pays water, sewer and trash. Made up of two 2-bedroom units and two 1-bedroom units. Unit 4 was completed remodeled in April 2022. All other units have been nicely maintained. Unit 4 has a divided basement all its own with block foundation. The other units sit on a full basement too for easy access to all utilities & major components. All units separately metered. Most plumbing swapped to pvc. Newer roof and siding. Offered at about a 12% cap rate, which includes a 2% maintenance and 2% vacancy rate allowance estimate, taxes, insurance and seller paid utilities. Gross income at current rents is around $29,400 per year. Property tax Expense: $2,190/year. Homeowner's Insurance Expense Approximately $700/year. Water/Sewer/Trash runs about $100/month or $1,200 per year. Estimated net income before maintenance/vacancy expense: $25,310.
  1. Listed by Shawni L Marich • Novella Realty, LLC.
    P: (440)-812-9493 C: (440)-812-9493 shawni@novellarealty.com

Amenities

  • Air Conditioning
  • Basement
  • Full Basement
  • Gas Heat
  • Parking Included
  • Window AC Installed
LISTING UPDATED: 08/26/2023 05:25 PM

Property Details for 860 Center Street

StatusClosed
MLS #4393406
Days on Market28
Taxes$2,189 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1900
Lot Size0.25 AC / 10,890 SF
CountyAshtabula County
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Location

Listing Courtesy of Novella Realty, LLC.

Sold By BHHS Professional Realty

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Building Information for 860 Center Street

Stories2Residences4Year Built1900Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

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$1,067 per month

30 year fixed, 6.36% Interest

Principal and Interest

$885

Property Taxes

$182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 860 Center Street

Summary
Location and General Information
  • Directions: Take Route 20 into Ashtabula then turn onto Center Street.
  • Latitude: 41.864727
  • Longitude: -80.793129
Taxes and HOA
  • Parcel Number: 051180004100
  • Tax Annual Amount: $2,189.00
School Information
  • Elementary School District: Ashtabula Area CSD - 401
  • High School District: Ashtabula Area CSD - 401
  • Middle or Junior School District: Ashtabula Area CSD - 401
Parking
  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 0.0
  • Garage: No
  • Parking Features: No Garage, Paved, Unpaved
Property
Lot Information
  • Direction Faces: North
  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 3960.0
  • Above Grade Finished Area Source: Assessor
  • Building Area Total: 3960.0
  • Living Area: 3960.0
  • Property Condition: Unknown
  • Year Built: 1900
Building Features
  • Construction Materials: Vinyl Siding
  • Levels: Two
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Full, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 4
  • Total Bedrooms: 6
  • Cooling: Window Units
  • Has Cooling: Yes
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Laundry Features: None
  • Main Level Bathrooms: 0
  • Total Rooms: 18
Exterior Features
  • Fencing: Privacy
  • Roof: Asphalt, Fiberglass
  • Stories: 2
Multi Family
Multi Family Information
  • Total Number of Units: 4
Income & Expenses
  • Gross Income: $29,400.00
Unit Information
Unit 1
  • Actual Rent: $750.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 1
Unit 2
  • Actual Rent: $600.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Unit 3
  • Actual Rent: $600.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Total Units: 1
Unit 4
  • Actual Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Total Units: 1
Rental
Rent Information
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Property History for 860 Center Street

DateEvent & SourcePriceAppreciation
Sep 14, 2022

Sold

MLS Now #4393406

$177,500—
Aug 16, 2022

Contract Signed

MLS Now #4393406

—
Jul 19, 2022

Listed (Active)

MLS Now #4393406

$199,000—
DateEvent & SourcePrice
09/14/2022

Sold

MLS Now #4393406

$177,500
08/16/2022

Contract Signed

MLS Now #4393406

—
07/19/2022

Listed (Active)

MLS Now #4393406

$199,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 860 Center Street

Taxable ValueLand$3,820Additions$25,660Total$29,480
Tax Record2021$10,429 ($869 / month)
Home Facts
Baths3Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtUnfinished Basement SqFt564 SqFtStories2Lot Size10,890 SqFtStyleStoresYear Built1955Year Renovated1962CountyASHTABULAAPN05-118-00-041-00

Schools near 860 Center Street

This home is within Ashtabula Area City School District.
Rating
School
Type
Grades
Distance
Lakeside Intermediate School
Public - 3 to 6
Great Lakes Online Academy
Public - K to 12
Lakeside High School
Public - 9 to 12
Ontario Primary School
Public - K to 2
Rating
School
Distance
Lakeside Intermediate School
Public3 to 6

Great Lakes Online Academy
PublicK to 12

Lakeside High School
Public9 to 12

Ontario Primary School
PublicK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Novella Realty, LLC.

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