208-214 W Front Street # 1 Findlay, OH 45840

1 / 5

View all 5 Photos

Map

Nine - unit income producing property on three parcels housed within three structures. NOI 43K per year. 7.8%Cap Rate. First location has six apartments , second is a single family, third is a triplex. Three units have washer and dryer hook ups with the possibility of converting one laundry area to a coin laundry facility for residents. Flooring has been replaced in several units. Converted most of the piping to PEX in 5 units in 2004. Only two units share the same entrance , all other have dedicated entrances.Properties are located within one block of downtown Findlay within close proximity to Marathon petroleum corporate offices, Whirlpool , Goodyear Tire plant and the University of Findlay. No water entered dwellings during to 100 year flood in 2007. Several flood mitigation projects already completed by the city with one more project to be scheduled. Property includeds area for off street parking for tenants.Seller is looking to do a 1031 Exchange.