Excellent Opportunity: This four-unit is 100% occupied & ready for investor to take over! Rents are below market value! Rewired to 400 amp service in 2002; LEAD PAINT ABATEMENT DONE 2002; new windows 2002; kitchens & baths remodeled 2002; new doors 2002; new gas lines, hot water tanks, circuit panels in 2002, back stairs replaced in 2015. Owner pays for: water/sewer/trash, electric/heat to basement, outside lights & outside outlets. Units have electric baseboard heat however gas is still available. Some units have tenant-owed window a/c units. Electric is paid by tenants. Historical building. Property is on Medina County bus line. Easy access to shopping. 24 Hour notice a MUST.Gross income: $16,560. Net Profit $12,141 (does NOT include insurance, interest or depreciation). Taxes: $1,807, Water/Sewer/Trash: $1,212, House electric: $800 (extremely dependent on winter weather) Other Operating Expenses: $600 (mainly repairs and maintenance to refurbish apartments when tenants change-repaint, clean carpet, replace blinds, etc.)
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