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Archived over 1 year ago

$203,000

rooms 4+ ba 6834 sqft

163 N Washington, Tiffin, OH 44883

Commercial Multifamily Occupied Off MLS

Current Rent **

$3,668

Projected Rent **

$5,440

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

๐Ÿ’ฅ (๐—ง๐—ถ๐—ณ๐—ณ๐—ถ๐—ป, ๐—ข๐—›) ๐Ÿ’ฅ ๐Ÿด ๐—จ๐—ป๐—ถ๐˜ ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐Ÿ’ฅ ๐—ฆ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ฒ๐—น๐˜† ๐— ๐—ฒ๐˜๐—ฒ๐—ฟ๐—ฒ๐—ฑ | ๐Ÿญ๐Ÿฌ๐Ÿฌ% ๐—ข๐—ฐ๐—ฐ๐˜‚๐—ฝ๐—ถ๐—ฒ๐—ฑ | $๐Ÿฏ,๐Ÿฒ๐Ÿฒ๐Ÿด - ๐—–๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐˜ ๐—ฅ๐—ฒ๐—ป๐˜๐˜€ ๐Ÿ’ฅ

Address: 163 N Washington St, Tiffin, OH, 44883

Units: 8

Current Rents: $459/Unit

ARV: $433,200

Current Rent: $3,668/month

Potential Rent: $5,440/month

DETAILS

Unit Mix: Eight 1BR/1 Bath Units!

Occupancy: 100% Occupied!

Taxes: $3,589

Insurance: $1,400

Building Square Footage: 6,834 Sq. Ft.

Utilities: Tenants pay for all utilities.

Lot Size: 0.25 Acre

Year Built: 1900

Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.

Pro Forma CAP: 15.08% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

163 N Washington, Tiffin, OH 44883

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.