147 College St

About this listing

High St to W on College.Just off of High St, on the corner of College and S Pardee, near Sonnet's and across the street from historic St Mark's.

Low maintenance buildingGreat 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 2019Rents 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