Property profile

2142 Michigan Ave Ashtabula, OH 44004

OFF-MARKET
Apartment buildings
Property ID
US66-1284208
61,856 SF 4.93 ac lot Built 1979
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1979
Construction WOOD
Total area 61,856 SF
Lot 4.93 ac (214,751 SF)
APN 68-316-00-001-00
UPID US66-1284208

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

2142 Michigan Ave Ashtabula, OH 44004-3155
Ashtabula metro Census 601 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.79M
Blend (final) Blend
$870k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $4.2M +58.3%
Office building $3.8M +40.8%
Commercial (general) $3.5M +30.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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