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Sold for $50,000 on 05/23/24
  • $50,000

    1414 W 6th St, Ashtabula, OH 44004

    4beds
    1,378sqft
    Duplex, Multi Family
    Built in 1908
    -- sqft lot
    $56,700 Zestimate®
    $36/sqft
    $1,154 Estimated rent

    What's special

    ATTN: INVESTORS-Fantastic Harbor district opportunity. This Property is the perfect BRRRR property! Get ready to fill your coffers because this blank slate duplex could very likely obtain a CRA Area 7-yr 100% tax abatement on the increase in assessed value of the Property post-renovation! With annual real estate taxes at $952 + insurance, maintenance, and admin (Total Expenses at 17% of Gross Rents), this Property should easily cash flow over $1,500 a month! This is a 15% Cash on Cash return! This is after the purchase (at Asking, of course); after the rehab, including roof, HVAC, total interior, and driveway; after the closing costs; and after the holding costs during renovation. It's all in there! And get this, the Property has updated electrical, all utilities are separately metered (woohoo!), and the bathrooms are huge! Buy, Rehab, Rent, Refinance, Repeat. Brrrr...Man, it's cold! Doesn't it feel great?!

    Zillow last checked: 7 hours ago

    Listing updated: May 28, 2024 at 07:40am

    Listing Provided by:

    Christine Jarrell chris@AARCLE.com440-557-3996,

    All Access Realty

    Bought with:

    Sherry Wilber, 2017005602

    Assured Real Estate

    Source: MLS Now,MLS#: 5023204MLS LogoOriginating MLS: Lake Geauga Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Laundry: Electric Dryer Hookup, In Basement
    Features
    • Basement: Exterior Entry,Concrete,Unfinished
    Interior area
    • Total structure area: 1,378
    • Total interior livable area: 1,378 sqft
    • Finished area above ground: 1,378
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Driveway, Unpaved
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Private Entrance
    Lot
    • Size: 9,583 sqft
    Details
    • Parcel number: 684070007800
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Other
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • Fixer
    • Year built: 1908

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Ashtabula
    • Subdivision: Keystone

    Other

    Other facts
    • Listing terms: Cash,FHA 203(k),Owner May Carry
    Services availability