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1271 Main ST Lakemore, OH 44250
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Key Details
Sold Price $245,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,580 sqft
Price per Sqft $68
Subdivision Springfield
MLS Listing ID 4219870
Sold Date 09/21/20
HOA Y/N No
Abv Grd Liv Area 3,580
Year Built 1960
Annual Tax Amount $4,847
Lot Size 0.612 Acres
Acres 0.6118
Property Sub-Type Apartment
Property Description
Excellent 6 unit in very nice area! Right around the corner from Springfield lake.. Pride of ownership is evident, same owner for 30 years. 100% occupied. Gross rents $45,600, fixed expenses ( tax, insurance, utilities, trash) $18,648. Net operating income ( NOI) is $26,952. CAP RATE 10%. See attached income/expense summary. Very well maintained inside and out. There are two 2br units and four 1br units. There is an attached four car garage and large newer concrete parking area. Qualified buyers only, no owner finance.
Location
State OH
County Summit
Rooms
Basement None
Interior
Heating Gas, Radiant
Cooling Other
Fireplace No
Exterior
Parking Features Driveway, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Total Parking Spaces 20
Building
Sewer Public Sewer
Water Public
Schools
School District Springfield Lsd Summit- 7713
Others
Tax ID 5401998
Financing Cash
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Bought with Daniel J Salmons • RE/MAX Crossroads Properties