This is your chance to get in on an OFF MARKET MULTI UNIT ‼️

*14 Total units as it is now, PLUS the large Main House!!

*Zoned for up to 21 units

*Exterior is mostly stucco, which needs finished at the very top. Part of it is also Vinyl siding that needs finished at the top.

*This Building is located on Wayne St which has a lot of shops, churches, businesses ,etc... It is a nice and populated area.

*Front portion was converted into a house boasting 4,000 Sq. Ft!!! 3 beds and 4 full baths

• The Kitchen could use updating to maximize it's Beauty and full revenue potential
• 2 of the Full Bathrooms have been redone, 2 are partially gutted, 2 downstairs, and 2 upstairs
• Beautiful original fireplaces. (At least 2)
• High ceilings with near floor to ceiling windows.
• Has original wood trim around doors and windows
• Room sizes are insanely big!!! (please see attached sheet that details each room, size, and then each unit as we make our way back through the property.
• There are 2 electrical meters in this house, they are located on the second floor
• The back half of this house, on floor two, has a separate staircase and kitchen (that isn't finished), so that it can easily be made into at least a 2 unit.

*The Exterior of the Home for the "Main House" is beautiful and Ornate with inset wood, carved above the windows and around the doors.

*Ornate trim/Fascia on the Main House

*Back part of the house is broken down into 14 units currently. All 1 bed and 1 bathroom, except for 3 that are large efficiencies. 2 are basically ready to be rented, only a few minor things left.

• There are 3 gas meters, I believe they are broken up per floor. However must units are set up for baseboard heat.
• There are 14 electrical meters located in the storage room
• One water meter for the entire building is located in the basement

*3 units are on the first floor, 2 of which are almost ready to rent. 5 units on floor 2, and 6 units on floor 3. All are framed out, and in variations of need. Every one will need the kitchen and bathroom gutted and updated. There is some peeling paint, ceiling damage or holes in some units as well.

CASH FLOW: $600 per 1 bedroom unit (MARKET VALUE)

+$1,300 rent for the large 3 bedroom house (this is probably way UNDER market, splitting it up into more unit will maximize your return)

Total Annual Rent = $116,400

Annual Expenses Estimated at 50% (taxes, insurance, water, property management, vacancy allowances, etc..)

$58,200 NOI

(As you split the main house into more units, your NOI will go up!)

Asking ONLY $349,000!!!

*There are A LOT of pictures on this one, so full album links are posted below. Check out the documents section for a written breakdown of the entire property.

**Another BIG BONUS with this DEAL... The current owner is a hardware owner, and has agreed that, who ever buys this property, he will get them all the rehab materials like sinks, cabinets, counter tops, etc.. for just 10% above his cost!! We all know construction materials are sky rocketing and this could be a huge money saver!!

PHOTO LINKS

Exterior and Storage Room

https://photos.app.goo.gl/ucBtCqtGtmv1w5kh8

FLOOR ONE

There is one water heater for all 3 units on this floor. It is located in the storage room on this floor.

408 Wayne Piqua (Main House)

https://photos.app.goo.gl/6xywxjeUyXXfy8Zn6

Apt. 11 (almost rent Ready, has baseboard heat)

https://photos.app.goo.gl/mqkiFroNGKf1wyxU7

Apt 12 (almost rent Ready, has baseboard heat)

https://photos.app.goo.gl/pQVhCR2VrJc6dAhC7

Apt 13

https://photos.app.goo.gl/nXHKBJKmaNWPMQL88

FLOOR TWO

Apt 21

https://photos.app.goo.gl/kTQhTe1KTZ6ibH557

Apt 22

https://photos.app.goo.gl/1N98UQzNLzUH8WkBA

Apt 23

https://photos.app.goo.gl/LJE6UTfqTKHyv61d9

Apt 24

https://photos.app.goo.gl/pqjey87Ww6otaEHq6

Apt 25

https://photos.app.goo.gl/1QpWE7JD84YZWXBA8

THIRD FLOOR

Apt 30

https://photos.app.goo.gl/JRg131nqQkJxQ36a8

Apt 31

https://photos.app.goo.gl/Ua29tovsgxADaN8i7

Apt 32

https://photos.app.goo.gl/66rdqqPkXsmhL1Yr5

No Apt 33

Apt 34

https://photos.app.goo.gl/ZSC2bpvmMVZLbRmK7

No Apt 35- Currently planning to make this a laundry room

Apt 36

https://photos.app.goo.gl/69fRn328YNT4h7Xp7

Apt 37

https://photos.app.goo.gl/aAyf9vZBR3uM71i28

*No back taxes or liens!

*NO rent to own, NO owner financing, NO payments. 

*This is a contract ready for assignment, not an active listing.

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