Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Welcome! Are you part of the community? Sign up now.
x
For sale 13 days ago

$120,000

rooms 4+ ba

450 ½ 14th Street & 218 ½ 8th Street, Wellsville, OH 43968

Multiple Occupied Off MLS

Current Rent **

$1,625

Projected Rent **

$3,025

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

(𝗪𝗲𝗹𝗹𝘀𝘃𝗶𝗹𝗹𝗲, 𝗢𝗛) ✨𝗣𝗥𝗜𝗖𝗘 𝗗𝗥𝗢𝗣 ✨ 𝟮 𝗗𝘂𝗽𝗹𝗲𝘅 𝗣𝗮𝗰𝗸𝗮𝗴𝗲 ✨ 𝟳𝟱% 𝗢𝗰𝗰𝘂𝗽𝗶𝗲𝗱 | 𝗚𝗿𝗼𝘀𝘀 𝗥𝗲𝗻𝘁: $𝟭,𝟲𝟮𝟱

ARV: $171,864

REPAIRS: $5K (Basic Make-Ready)

Potential Rent: $3,025/month

DETAILS

Unit Mix:

Three 2 Bedroom/1 Bath Units and One 1 Bedroom/1 Bath Unit

Occupancy:

75% Occupied

1 Tenant just moved out.

Utilities

Tenants pay for all utilities.

Building Square Footage:

450 1⁄2 14th St - 1,848 sq ft

218 1⁄2 8th St - 944 sq f

Lot Size:

450 1⁄2 14th St - 3,920 sq ft

218 1⁄2 8th St - 1,306 sq ft

Year Built:

450 1⁄2 14th St - 1920

218 1⁄2 8th St - 1971

Units: 4 - Two Duplexes Property Package

Current Rents: $500-$575/Unit. One Unit is currently vacant.

Market Rents: $550-$825/Unit

Annual Tax: $692

Utilities: Tenants pay for all utilities.

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: 21.08% (5% Vacancy, Taxes, Insurance, and 10% Prop Management included in Pro Forma Cap and Actuals)

Location:

450 ½ 14th Street & 218 ½ 8th Street, Wellsville, OH 43968

Looking for an agent?
Start a rental property calculator report
Use the rental calculator to determine this property's potential profit.
Analyze this property

* 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.