5129 Jaycee Ave, Ashtabula, OH 44004 - Property for Sale
Available For Sale - Multifamily
38,143 SF
|
Show Pricing $
View Photos (1)
AVAILABILITY DETAILS
- Size
- 38,143 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA510063
- Notes
- Seven buildings with 56 residential units. (28)1-bedroom units and (28)2-bedroom units. 6% cap rate on in place rents and expenses. Average rents 30%+ below HUD FMR for 2023. 9%+ cap rate proforma. Five of seven roofs replaced in recent years. All new electrical service in each apartment with each unit separately metered. Two retaining walls installed. Onsite laundry present. 43% of tenants in place more than four years. Rents have not been adjusted to market rates by current ownership. Significant upside in potential gross rents at market rate plus ability to decrease operating costs. Assumable Freddie Mac financing at 4.7%
- Uses
- Multifamily
Other Availability in this Property
| Space/Suite | Square Feet | Type | Uses | Asking Rent/Price | ||
|---|---|---|---|---|---|---|
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 38,143 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 56,700 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 56,700 SF | Sale | Multifamily | Show Pricing $ | chevron_right |
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Wes Purvis, Wes Purvis - CB - OH - KW Commercial
BRE# 2019003413
Wes Purvis, Wes Purvis - CB - OH - KW Commercial
BRE# 2019003413
