22971 US Highway 224 - Apartments FOR SALE


Fostoria, OH 44830
$264,900 USD
419-722-4745
22971 US Highway 224, Fostoria, OH for Sale
$264,900 USD
Apartments - FOR SALE
1/9
null | 12.23% Cap Rate

22971 US Highway 224
Fostoria, OH 44830


HIGHLIGHTS

  • Within Minutes of I-75

OVERVIEW

Income producing opportunity with 4 rental units on 4 lots. 1 home on the corner with 2 bedrooms & 1 bath. 3 mobile homes- 2 with 2 bedrooms & 1 bath and the south unit has 3 bedrooms & 1 bath. 4 septics- 2 new 2024 and the other two just pumped 2024. 1 well services all units. Pressure tank for well is in the rear of the house. Storage garage also on the property could be rented out for additional income. All units are currently rented. 3 month to month leases and 1 just leased in March for 1 year. Please give plenty of notice for showings as the tenants allow for access to the properties.

FOR SALE DETAILS

PRICE

$264,900 USD

PRICE/SF

$70 USD /SF

# OF UNITS

4

PRICE/UNIT

$66,225

CAP RATE

12.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

070000017240,070001005217,070001005218,070001011537

ASK ABOUT THIS PROPERTY

Monica MetzgerBerkshire Hathaway HomeServices Koehler RealtyMore Info
419-722-4745

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Monica MetzgerBerkshire Hathaway HomeServices Koehler RealtyMore Info
419-722-4745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.