Seller's Agent in 2023
Marc Rice
Reafco
(614) 363-2787
6 in this area
152 Total Sales
500 N 9th St Cambridge, OH 43725
4
Beds
--
Bath
2,500
Sq Ft
1900
Built
About This Home
As of November 2023Fully turnkey 4-plex rented for $2,681/mo. Current cap rate 8.8% with upwards potential for 10% through rent increases. These properties are fully stabilized through significant improvements and currently under professional management with an experienced local property manager. All units have room for rental growth and rent increase. Preferably sold as package with 431 N 11th, 1207 Steubenville, 1001 Beatty, 435 Gomber, and 902 Beatty. Request Offering Memorandum for more details on property/portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,575
Year Built
- Built in 1900
Home Design
- 2,500 Sq Ft Home
- Mixed Use
- Frame Construction
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Basement
Listing and Financial Details
- The owner pays for trash collection
- Assessor Parcel Number 060003337000
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $11,843
- Gross Income $32,172
- Net Operating Income $20,329
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $225,000 | -2.1% | $90 / Sq Ft |
| 05/04/2023 05/04/23 | For Sale | $229,900 | -- | $92 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,664 | $26,954 | $5,093 | $21,861 |
| 2023 | $1,640 | $26,215 | $4,354 | $21,861 |
| 2022 | $1,575 | $26,210 | $4,350 | $21,860 |
| 2021 | $1,549 | $26,210 | $4,350 | $21,860 |
| 2020 | $1,502 | $24,670 | $3,570 | $21,100 |
| 2019 | $1,493 | $24,670 | $3,570 | $21,100 |
| 2018 | $1,431 | $24,670 | $3,570 | $21,100 |
| 2017 | $1,444 | $24,670 | $3,570 | $21,100 |
| 2016 | $1,447 | $24,670 | $3,570 | $21,100 |
| 2015 | $1,447 | $24,670 | $3,570 | $21,100 |
| 2014 | -- | $24,210 | $3,110 | $21,100 |
| 2013 | $1,438 | $24,210 | $3,110 | $21,100 |
Source: Public Records
Agents Affiliated with this Home
-
Marc Rice
-
Clinton McGilvray
Buyer's Agent in 2023
Clinton McGilvray
Leonard and Newland RealEstate
(740) 297-6343
29 in this area
37 Total Sales
-
Jessy Moore
Buyer Co-Listing Agent in 2023
Jessy Moore
J Moore Realty Group
(740) 704-7324
1 in this area
55 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 223012795
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