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For sale 28 days ago

$244,999

rooms 4+ ba 2880 sqft

1880 Anderson Blvd, East Liverpool, OH 43920

Commercial Multifamily Occupied Off MLS

Current Rent **

$4,170

Projected Rent **

$4,618

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

๐ŸŽธ ๐Ÿฒ ๐—จ๐—ป๐—ถ๐˜ ๐—”๐—ฝ๐—ฎ๐—ฟ๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—•๐˜‚๐—ถ๐—น๐—ฑ๐—ถ๐—ป๐—ด ๐ŸŽธ ๐Ÿญ๐Ÿฌ๐Ÿฌ% ๐—ข๐—ฐ๐—ฐ๐˜‚๐—ฝ๐—ถ๐—ฒ๐—ฑ | ๐—˜๐—น๐—ฒ๐—ฐ๐˜๐—ฟ๐—ถ๐—ฐ ๐—ฆ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐˜๐—ฒ๐—น๐˜† ๐— ๐—ฒ๐˜๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐ŸŽธ (๐—˜. ๐—Ÿ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐—ฝ๐—ผ๐—ผ๐—น, ๐—ข๐—›) ๐ŸŽธ

ARV: $456,000

Current Rent: $4,170/month

Potential Rent: $4,950/month

DETAILS

Unit Mix: Two 1/1's and Four 2/1 units.

Utilities: Tenants pay for electricity. Owner pays for water, sewer, and trash

Building Square Footage: 2,880 SqFt

Lot Size: 10,149 SqFt

Year Built: 1930

Occupancy: 100% Occupied

Units: 6 units

Current Rents: $695/Unit.

Utilities: Owner pays for water, sewer, and trash removal while tenants pay for electricity.

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: 12.44% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

1880 Anderson Blvd, East Liverpool, OH 43920

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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.