Wellsville OH Multi Family for Sale
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.05 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 5044610
- Subdivision:
- Fords
ADDITIONAL INFORMATION
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
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Wellsville Real Estate
The median home value in Wellsville, OH is $96,000. This is lower than the county median home value of $126,200. The national median home value is $338,100. The average price of homes sold in Wellsville, OH is $96,000. Approximately 51.67% of Wellsville homes are owned, compared to 31.99% rented, while 16.34% are vacant. Wellsville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Wellsville real estate agent to arrange a tour today!
Wellsville, Ohio has a population of 3,157. Wellsville is less family-centric than the surrounding county with 19.49% of the households containing married families with children. The county average for households married with children is 27.06%.
The median household income in Wellsville, Ohio is $40,703. The median household income for the surrounding county is $51,664 compared to the national median of $69,021. The median age of people living in Wellsville is 41.6 years.
Wellsville Weather
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 19.8 degrees. The average rainfall is approximately 39.8 inches per year, with 18.7 inches of snow per year.