1414 W 6th Street, Ashtabula, OH 44004
- $50,000
- 4
- BD
- 2
- BA
- 1,378
- SqFt
- Sold Price
- $50,000
- List Price
- $53,000
- Status
- CLOSED
- Days on Market
- 70
- Closing Date
- May 23, 2024
- MLS#
- 5023204
- Subtype
- Residential Income
- Year Built
- 1908
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,378
- Acres
- 0.22
- Subdivision
- Keystone
- Neighborhood
- Keystone
- MLS Area Major
- Ashtabula
Property Description
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?!
Additional Information
- Exterior Features
- Private Entrance
- Taxes
- $952
- Heating
- Forced Air
- Air Conditioning
- Ceiling Fan(s)
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Foundation
- Block
- Parking Features
- Driveway, Unpaved
- Garage Spaces
- 1
- School District
- Ashtabula Area CSD - 401
Listing Courtesy of: Christine Jarrell, chris@AARCLE.com With All Access Realty
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