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!
Sold for $451,000 on 04/21/23
$451,000
465 E Pike St, Morrow, OH 45152
15beds
5,838sqft
Multi Family
Built in 1953
-- sqft lot
$582,600 Zestimate®
$77/sqft
$1,431 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 09, 2024 at 06:51pm
Listed by:
Michelle Parsley (513)766-9200,
Keller Williams Advisors Rlty
Bought with:
Jamie Rudy, 2015003019
Coldwell Banker Heritage
Source: DABR MLS,MLS#: 880206
Originating MLS: Dayton Area Board of REALTORS
Originating MLS: Dayton Area Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Heating
- Other
Cooling
- None
Features
- Basement: Full
Interior area
- Total structure area: 5,838
- Total interior livable area: 5,838 sqft
Property
Parking
- Parking features: No Garage
Lot
- Size: 1.45 Acres
Details
- Parcel number: 17122260051
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
Condition
- Year built: 1953
Community & neighborhood
Location
- Region: Morrow
- Subdivision: Pinecrest
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Estimated market value
$582,600