NOT LISTED FOR SALE

500 N 9th St Cambridge, OH 43725

4 Beds
-- Bath
2,500 Sq Ft
1900 Built

Last Sold November 30, 2023

Last sale price $225,000 $90 Per Sq Ft

144 Days on Market

About This Home

As of November 2023

Fully 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.

Last Agent to Sell the Property

Marc Rice

Reafco License #2022005625 Listed on: 07/25/2023

Last Buyer's Agent

Clinton McGilvray

Leonard and Newland RealEstate License #2020006817

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,575

Year Built

  • Built in 1900

Home Design

  • 2,500 Sq Ft Home
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,575

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Property Sub-Type: Mixed Use
  • Total Gross Income: 32172.0
  • Co List Office Phone: 614-636-2560
  • MLS Status: Closed
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 32172.0
  • Annual Expenses: 11843.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 2500.0
  • Miscellaneous Basement2: Yes
  • Air Conditioning None3: Yes
  • Owner Pays Trash2: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Frame: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: None
  • Cooling Y N: No
  • Utilities: Water Available, Natural Gas Available, Electricity Available
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: CAMBRIDGE CSD 3001 GUE CO.

Lot Info

  • Parcel Number: 060003337000

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 20329.0
  • Annual Operating Expense: 11843.0

Tax Info

  • Tax Annual Amount: 1575.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marc Rice

    Seller's Agent in 2023

    Marc Rice

    Reafco

    (614) 363-2787

    6 in this area

    135 Total Sales

    Section Image
  • Clinton McGilvray

    Buyer's Agent in 2023

    Clinton McGilvray

    Leonard and Newland RealEstate

    (740) 297-6343

    25 in this area

    33 Total Sales

    Section Image
  • Jessy Moore

    Buyer Co-Listing Agent in 2023

    Jessy Moore

    J Moore Realty Group

    (740) 704-7324

    1 in this area

    46 Total Sales

    Section Image
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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223012795

Columbus and Central Ohio Regional MLS

Ohio Guernsey County Cambridge 43725

500 N 9th St, Cambridge, OH

This home is located at 500 N 9th St, Cambridge, OH 43725 since 25 July 2023. This property was built in 1900. 500 N 9th St is a home located in Guernsey County with nearby schools including Cambridge High School, Foxfire East Academy, and St. Benedict Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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