Tuscarawas OH Real Estate & Homes for Sale

This is a 6 unit, not 4! Excellent opportunity now buy a 6 unit investment property with a CAP RATE of 11%, RENT TO VALUE RATIO of 1.4%. Property has two 2 bed/1 bath units + four 1 bed/1 bath units + detached brick garage with 3 bays. Half of the hot water tanks were replaced in 2020, part of the roof replaced in 2020 (remainder of roof is original slate.) All units are occupied. Unit 1 $495, Unit 2 $495, Unit 3 $475, Unit 4 $595, Unit 5 $525, Unit 6 $525. Garage spaces (one not rented): Bay 1 $0, Bay 2 $50, Bay 3 $50. Do the math for yourself -- Gross income = $38,520/year. Current owner operating costs = $13,684 which includes water/sewer/trash, insurance, taxes, management fee, and lawn care. Over $24,800 income after expenses plus ability to increase income by renting 3rd garage space. Do not let this opportunity to own a 6 apartment multi-unit pass you by, call your favorite agent today!!