1500 Summit St
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1500 Summit St
17 Unit Block of Flats £453,743 (£26,691/Unit) 20.52% Net Initial Yield Portsmouth, OH 45662
Executive Summary
Great investment opportunity!!! Total of 17 units spread across 5 parcels.. Property consist of a Quadplex,
Duplex, Single family house, 10 Townhouse units & a vacant lot, . Fully occupied with low expenses.
Separate electric meters. City water & sewer with central heat & air. This package WILL
AMAZING ARV - GREAT CASH FLOW - WILL GENERATE A 25% NET RETURN ON INVESTMENT!!!!!
Please call us at 754-778-8552 All offers can be sent to Buyers@realpro.com.
Duplex, Single family house, 10 Townhouse units & a vacant lot, . Fully occupied with low expenses.
Separate electric meters. City water & sewer with central heat & air. This package WILL
AMAZING ARV - GREAT CASH FLOW - WILL GENERATE A 25% NET RETURN ON INVESTMENT!!!!!
Please call us at 754-778-8552 All offers can be sent to Buyers@realpro.com.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£96,241
|
£6.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£96,241
|
£6.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
£48,466
|
£3.35
|
| Total Expenses |
£48,466
|
£3.35
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £96,241 |
| Annual Per SF | £6.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £96,241 |
| Annual Per SF | £6.66 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | £48,466 |
| Annual Per SF | £3.35 |
| Total Expenses | |
|---|---|
| Annual | £48,466 |
| Annual Per SF | £3.35 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £453,743 | Apartment Style | Garden |
| Price Per Unit | £26,691 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Net Initial Yield | 20.52% | Building Size | 14,459 SF |
| No. Units | 17 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | £453,743 |
| Price Per Unit | £26,691 |
| Sale Type | Investment |
| Net Initial Yield | 20.52% |
| No. Units | 17 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 14,459 SF |
| Number of Floors | 2 |
| Year Built | 1970 |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1.5 | 10 | £449.91 | - |
| 2+1 | 6 | £410.79 | - |
| 3+2 | 1 | £528.15 | - |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 33-1872.000 | Improvements Assessment | £58,668 (2023) |
| Land Assessment | £6,925 (2023) | Total Assessment | £65,593 (2023) |
PROPERTY TAXES
Parcel Number
33-1872.000
Land Assessment
£6,925 (2023)
Improvements Assessment
£58,668 (2023)
Total Assessment
£65,593 (2023)
zoning
| Zoning Code | TN (Traditional Neighborhood) |
| TN (Traditional Neighborhood) |
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1500 Summit St
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