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$95,000
602 Commerce ST Wellsville, OH 43968
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$95,000
Est. payment /mo
4 Beds
2 Baths
2,160 Sqft Lot
UPDATED:
09/30/2024 05:36 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Fords
MLS Listing ID 5044610
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $792
Tax Year 2023
Lot Size 2,160 Sqft
Acres 0.0496
Property Description
What if I told you that you could own this duplex for as little as $50 a month with little to no money down?
Welcome to this charming duplex located in Wellsville, Ohio, listed at an affordable price of $95,000. This property features two units, each with 2 bedrooms, 1 bathroom, and its own laundry room. Perfect for both investors and owner-occupants, this duplex offers an incredible opportunity for cost-effective homeownership.
With a USDA loan, you can purchase this property with 0% down, provided you occupy one of the units. Closing costs are approximately 4% of the purchase price, about $3,800, but you could negotiate with the seller to cover these costs. Private mortgage insurance (PMI) is roughly $30 a month.
Based on a 30-year fixed-rate mortgage at around 7%, your total monthly payment would be approximately $798, including principal, interest, taxes, and insurance. The best part? each unit is estimated to rent out for $750 a month, significantly offsetting your costs. After accounting for this rental income, your net monthly cost to own this property would be around $50.
Don’t miss this fantastic opportunity to own a versatile property with substantial rental income potential. Contact me today for more information or to schedule a private tour!
*all numbers are estimates
Welcome to this charming duplex located in Wellsville, Ohio, listed at an affordable price of $95,000. This property features two units, each with 2 bedrooms, 1 bathroom, and its own laundry room. Perfect for both investors and owner-occupants, this duplex offers an incredible opportunity for cost-effective homeownership.
With a USDA loan, you can purchase this property with 0% down, provided you occupy one of the units. Closing costs are approximately 4% of the purchase price, about $3,800, but you could negotiate with the seller to cover these costs. Private mortgage insurance (PMI) is roughly $30 a month.
Based on a 30-year fixed-rate mortgage at around 7%, your total monthly payment would be approximately $798, including principal, interest, taxes, and insurance. The best part? each unit is estimated to rent out for $750 a month, significantly offsetting your costs. After accounting for this rental income, your net monthly cost to own this property would be around $50.
Don’t miss this fantastic opportunity to own a versatile property with substantial rental income potential. Contact me today for more information or to schedule a private tour!
*all numbers are estimates
Location
State OH
County Columbiana
Interior
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Garage Driveway
Garage Spaces 1.0
Garage Description 1.0
Waterfront No
Water Access Desc Public
Roof Type Asphalt
Parking Type Driveway
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Wellsville Lsd - 1511
Others
Tax ID 8401021000
Special Listing Condition Standard
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Listed by James Clark • Underwood & Associates • 330-385-8580 Underwood@BetterHomesUSA.net
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