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Listing Courtesy of: Laura J Novak - Jack Kohl Realty

Lake Street Kent, OH 44240

Fourplex Residence
Beds
Baths
1,267 Sq. Ft.
0.23 Acre Lot

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Great investment opportunity in Kent! Wonderful buy for an investor or owner occupied investor. This property offers a single family home and a 4 unit apartment building which is licensed for 9 people. The single family home rents for $1600.00 a month. They pay all utilities except trash and recycli...ng. The home has 4-5 bedroom, 1 bath, many updates and move in condition. They also get use of the backyard. The 4 unit has 2- 3 bedroom 1 bath apartments which both rent for $990.00 a month, 2 bedroom 1 bath which rents for $660.00, and 1 bedroom 1 bath which rents for $415.00 a month. The tenants in the 4 apartments pay electric. The electric was separated and each 100 amp service is located in common basement which each unit has their own storage room as well as coin operated washer and dryer. There is also extra storage space for an investor to use for his own personal equipment or rent out as well. All units have a keyless(Codes) entry to help with tenant lock outs. The common area is also keyless entry(codes). The back yard is currently used by tenant at the single family home, but it could be used by the tenants if the new owner chooses. This is a great investment opportunity in Kent. The monthly income on the 4 unit is $3,055.00 and the house rent is $1600.00 with total gross of $4,655.00. Continue reading
MLS#
4313088
Property Type
Fourplex
Year Built
1940
Square Feet
1,267 sq. ft
Lot Size
0.23
Sewer
Public Sewer

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Laura J Novak - Jack Kohl Realty
Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, AndreaD.Conner@xome.com, 844-400-XOME (9663), 11427 Read Hartman Hwy, Suite 236, Cincinnati, OH 45241