147 College Street

    Wadsworth, OH 44281
    • $255,000
    • STATUS: Closed
    • ON SITE: 661 days
    • MLS #: 4027090
    Sold - 04/07/2020
    $255,000
    SOLD - 04/07/2020
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,608
      SQFT
    • $71
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1993
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Coldwell Banker Schmidt Realty.
    Listing information © 2020 YES-MLS.

    Description

    Low maintenance building Great high traffic location in the heart of downtown Wadsworth's historic district • 4 retail stores/office/misc. commercial spaces (3 have significant storefront windows), plus 2 large, 1 bdrm apartments upstairs • Clean well cared for building • 100% occupancy •Rear left space, 20x21 w/large closet or small office, 2 rear windows -pays: $500 •Front left, 20x21 -2 storefront windows -pays: $600 -Above two units being rented as one -discounted to $1000 a month •Front center, 17x17 w/storefront window and rear one-way glass window -pays: $400 •Right corner, 16x12 w/storefront and side facing window,+ rear office/public entry w/window 16x8.5 -pays:$425 -Owner pays utilities for commercial units 2 large, 1 bed apartments up (msrmnt avail.) shared balcony and both have great views of the street below w/huge bedrooms, 1 w/walk-in closet $625 -tenant pays utilities. Basement with shared laundry • 2 storage rms • new rear windows in '18 • all furnace & AC units new in last 3 years • newer h2o tanks • Low operating expenses • 1 apt. painted and main living area new laminate flooring in 2019 Rents have room to be adjusted in the future. After the passing of the majority owner, the building was left at 50% vacancy or more for most of 2018. Vacancies historically easy to fill. All rents are an additional $50 if not paid by the 1st of each month. All leases recently renewed w/exception of one. 2020 PROJECTED CAP RATE 9.8 - 10.25

    Monthly Payment Calculator

    Listing information © 2020 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2020-06-02T20:08:13.103.
    www.clevelandhomefinder.com/homes/86442624

    147 College Street Wadsworth, OH 44281

    • Price: $280,000
    • Status: Closed
    • Updated: 42 min ago
    • MLS #: 4027090
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,608
    SQFT
    $71
    $/SQFT
    1993
    Built
    Neighborhood:
    Wadsworth
    County:
    Medina
    Area:
    Wadsworth
    Property Description
    Low maintenance building Great high traffic location in the heart of downtown Wadsworth's historic district • 4 retail stores/office/misc. commercial spaces (3 have significant storefront windows), plus 2 large, 1 bdrm apartments upstairs • Clean well cared for building • 100% occupancy •Rear left space, 20x21 w/large closet or small office, 2 rear windows -pays: $500 •Front left, 20x21 -2 storefront windows -pays: $600 -Above two units being rented as one -discounted to $1000 a month •Front center, 17x17 w/storefront window and rear one-way glass window -pays: $400 •Right corner, 16x12 w/storefront and side facing window,+ rear office/public entry w/window 16x8.5 -pays:$425 -Owner pays utilities for commercial units 2 large, 1 bed apartments up (msrmnt avail.) shared balcony and both have great views of the street below w/huge bedrooms, 1 w/walk-in closet $625 -tenant pays utilities. Basement with shared laundry • 2 storage rms • new rear windows in '18 • all furnace & AC units new in last 3 years • newer h2o tanks • Low operating expenses • 1 apt. painted and main living area new laminate flooring in 2019 Rents have room to be adjusted in the future. After the passing of the majority owner, the building was left at 50% vacancy or more for most of 2018. Vacancies historically easy to fill. All rents are an additional $50 if not paid by the 1st of each month. All leases recently renewed w/exception of one. 2020 PROJECTED CAP RATE 9.8 - 10.25
    Exterior Features

    Attached Garage YN No Levels Two Parking On Site/PrivateOutdoorStreet/Public Parking Features AssignedOn SiteOutsidePrivateOn Street Parking Total 6 Roof FlatPitchedRubber

    Interior Features

    Basement Common BasementFullUnfinished Basement YN Yes Building Area Total 3608 Building Features Pole SignPublic Restrooms Cooling Central Air Cooling YN Yes Heating Forced AirGas Heating YN Yes

    Property Features

    Above Grade Finished Area 3608 Buyer Financing Cash Insurance Expense 157 Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 65X60 Net Operating Income 27141 Owner Pays All Utilities Ownership Principal/Nr Property Sub Type Mixed Use Security Features Security SystemFire Sprinkler SystemSecurity Lights Sewer Public Sewer Tax Annual Amount 5624 Tenant Pays All Utilities Township Wadsworth City Water Sewer Expense 44 Water Source Public Year Built Details Actual Ybt

    Listing information © 2020 YES-MLS.
    Listing provided courtesy of Coldwell Banker Schmidt Realty.
    Listing information © 2020 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2020-06-02T20:08:13.103.
     
    Howard Hanna
    8396 Mentor Ave.
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    Listing courtesy of Coldwell Banker Schmidt Realty.
    Listing information © 2020 YES-MLS.