1414 W 6th Street Ashtabula, OH 44004
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, 500 a 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?!
- Property TypeMulti-Family
- NeighborhoodKeystone
- CountyAshtabula
- Taxes$952
- HOA/Condo/Coop Fees$0
- Days on Site72 Days
- MLS StatusPending
- MLS ID Number5023204
- Home Size Source Assessor
- Year Built1908
- Lot Size0.22 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Construction Other
- Parking DrivewayUnpaved
- Sewer Public Sewer
- Basement Exterior EntryConcreteUnfinished
- Number of Stories 22
- Acreage 0.22
- Water Public
- Property Sub Type Duplex
- Garage Spaces 1
- Attached Garage No
- Foundation Block
- Listing Conditions Standard
- Property Condition Fixer
Interior Features
- Cooling Ceiling Fans
- Heating Forced Air
- Laundry Features Electric Dryer HookupIn Basement
Exterior Features
- Roof Asphalt
- Waterfront Property No
- Exterior Private Entrance
Community Features
- Township Ashtabula