115 Rainbow St 1-4, Wadsworth OH 44281 Photo 1 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 2 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 3 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 4 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 5 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 6 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 7 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 8 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 9 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 10 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 11 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 12 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 13 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 14 115 Rainbow St 1-4, Wadsworth OH 44281 Photo 15

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115 Rainbow St - Excellent Opportunity: This four-unit is 100% occupied & ready for investor to take over! Rents are below market value! Rewired to 400 amp service in 2002; LEAD PAINT ABATEMENT DONE 2002; new windows 2002; kitchens & baths remodeled 2002; new doors 2002; new gas lines, hot water tanks, circuit panels in 2002, back stairs replaced in 2015. Owner pays for: water/sewer/trash, electric/heat to basement, outside lights & outside outlets. Units have electric baseboard heat however gas is still available. Some units have tenant-owed window a/c units. Electric is paid by tenants. Historical building. Property is on Medina County bus line. Easy access to shopping. 24 Hour notice a MUST. Gross income: $16,560. Net Profit $12,141 (does NOT include insurance, interest or depreciation). Taxes: $1,807, Water/Sewer/Trash: $1,212, “House” electric: $800 (extremely dependent on winter weather) Other Operating Expenses: $600 (mainly repairs and maintenance to refurbish apartments when tenants change-repaint, clean carpet, replace blinds, etc.)

Listing information

  • MLS® ID: 3842123
  • Status: Sold on 11/14/2016
  • New Construction: No
  • Lot Area: 0.10
  • School District: Wadsworth Csd
  • Style: 4 - Plex
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $1,796
  • Year Built: 1900
  • Parking Type Description: None 0 cars
  • Total Square Footage: 1,728 ($51.50 per sq. foot)
  • County: Medina

Features

Appliances Equipment Oven, Range, Refrigerator, Smoke Detector
Available Financing Cash, Conventional
Basement Detail Common, Crawl, Partial, Unfinished
Basement Y/N Yes
Cooling Type Window Unit(s)
Disability Features Y/N No
Driveway Unpaved
Elevator Y/N No
Exterior Vinyl
Fixer Upper No
Heating Fuel Electric
Heating Type Baseboard
House Faces North
Lot Description City Lot
Other Baths Total - 4.00, Living Area Total - 1728, Num Of Buildings - 1, Num Of Units - 4
Owner Pays Electric, Other
Possession Time of Transfer
Property Subtype Four
Roof Slate
Tenant Pays Electric
View Description City View
Water Sewer Public Sewer, Public Water
Listing Courtesy of Keller Williams Chervenic Rlty