Ottawa Hills Values

3803 Hillandale

2159 Evergreen

Sold

Sold 2

Sold 3

Low Prices - Low Interest Rates make it your time to Buy!

3803 Hillandale

With 10% down at 6% interest your mortgage payment would be $1,550.00 per month. If you rent out one of the units for $1,350.00 per month, your mortgage payment would only be $200 a month. You have to mow the lawn or have it done, you have taxes and insurance, but you are building equity in a great home and have great schools for a very low cost. This is the smart way to live-now.  

Best Value in the Village. If you want to Move-Up to Ottawa Hills for it's safety, schools and rising real estate values, this is your opportunity. You can live inexpensively in a large, 3+ bedroom, 3 bath luxury home and rent out the second 3 bedroom home to pay your mortgage. Low financing rates make this the time to Move-Up. The complete building, two separate 3 bedrooms luxury units under one roof for $289,000. Those who qualify for the Homestead Tax Credit can get a 17% tax savings. Call for a showing 419-535-1900.

  
  




GREAT BUILDING AT BELOW BOTTOM OF THE MARKET PRICE. BOTH RESIDENCES FOR $289K. LIVE IN ONE AND EARN INCOME ON THE OTHER ONE. SMART LIVING IN THESE TIMES. TOP SCHOOLS- NO NEED TO GO PRIVATE- SAVE MONEY. FINANCING AVAILABLE-COMPANY MUST SELL. 
 
3803 Hillandale, Village of Ottawa Hills, Ohio. List $349K - Now $289K  Looks like and is a 1/2 Million Dollar Village Property.
 
GREAT BUILDING AT MAJOR DISCOUNT. Very popular Physicians, Professional area, close to many hospitals and corporate offices. Currently the lower unit is rented on a month to month at a Physicians reduced  lease rate of $1,450 plus all utilities. The upper unit is vacant and in move-in condition. We have left the upper unit vacant to facilitate immediate occupancy. Building will generate $33,600 per year or have one unit pay for your mortgage while building solid equity. Financing Available.

This is an all-brick, full basement luxury property with, new windows, HVAC, carpet, and more. Ready to move in or make you money. Priced below the bottom of the market. Corporation bought the property in 2000 for $290,000 and has invested major funds in the building.   

4,775 Square feet total. Two separate units of 2,200 + - sq. ft. Each unit had 3 bedrooms, 2 1/2 bath rooms, family room/den, living room, dining room, sun room, large kitchens with upscale appliances, fireplace, basements with deep windows (one with finished office) 2 car garages with openers. 
New; windows, gas furnaces, central air, flooring, carpet, patio decks and more. 
Transferable corporate title, outstanding corporate, investment of owner/landlord property. Excellent privacy for each unit and low maintenance costs. Ottawa Hills, top schools, public safety and convenient location.

Ideal for UT Parents that do not want to waste money on years of rentals for their children. Very safe area with excellent rental income.

Ottawa Hills is currently selling at over $100 per square foot, which is down from $112.00 +- per square foot. This all brick building with $20K in new windows, newer HVAC, and many other upgrades is being offered for less than $65.00 per square foot. You could live very nicely in one half and have the other half pay the mortgage. Or condo it and live cheap in luxury.

Investors Information
Gross Income $33,600 less Taxes, Insurance and Maintenance (snow/lawn) of $9,000 = $24,600. 8% Cap.
Taxes can be reduced 17% with qualifying homestead deduction. Great value.


Contact MCL Properties-Village Properties 419-535-1900 
  


Den with gas fireplace
Living room- natural wood floors
Kitchen
Sun room
Kitchen
Den with built ins
Wet Bar with built ins
Large Bedroom with bathoom in masters