Home For Sale In Ashtabula, Ohio

house for sale

Listed: 04/29/24

Mother of Sorrows School, 1464 West 6th Street, Ashtabula, OH 44004, USA

4 Bed:

2 Bath:

1,378 Sq Ft Living Area:

Price

$ 53,000

Sold

Show 6 more

About This House

Attn: investors- Fantastic Harbor district opportunity. This Property is the perfect BRRRR property! Get ready to fill your coffers because this blank slate duplex could very likely obtain a CRA Area 7-yr 100% tax abatement on the increase in assessed value of the Property post-renovation! With annual real estate taxes at $952 + insurance, maintenance, and admin (Total Expenses at 17% of Gross Rents), this Property should easily cash flow over$1, 500a month! This is a 15% Cash on Cash return! This is after the purchase (at Asking, of course); after the rehab, including roof, HVAC,total interior, and driveway; after the closing costs; and after the holding costs during renovation. It's all in there! And get this, the Property has updated electrical, all utilities are separately metered (woohoo!), and the bathrooms are huge! Buy, Rehab, Rent, Refinance, Repeat. Brrrr...Man, it's cold! Doesn't it feel great?!

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