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$ 244,000
Est. payment | /mo
4 Beds
4 Baths
2,400 SqFt
$ 244,000
Est. payment | /mo
4 Beds
4 Baths
2,400 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $101
MLS Listing ID 950226
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 1970
Annual Tax Amount $2,014
Lot Size 6,337 Sqft
Lot Dimensions 121x30
Property Sub-Type 2-4 Units
Property Description
Invest Smart. Live Well. Own a Turn-Key Income Producer. This well-maintained 3-unit apartment building offers an exceptional investment opportunity with built-in income and future upside. The property includes two upper 1-bedroom, 1-bath apartments that were fully remodeled in the summer of 2020. Updates included new flooring, fresh paint, completely renovated kitchens, new ranges and refrigerators, under-cabinet microwaves, updated bathrooms, new electric breaker boxes, a new meter base, and upgraded electric service. The lower unit features 2 bedrooms and 1.5 baths and underwent a complete renovation in November 2021. Major exterior improvements add long-term value and peace of mind, including new siding, lower windows, and doors installed in January 2021, followed by a metal roof and new gutters in February 2021. A shared laundry room provides individual hook-ups for all three units, adding convenience for tenants. Operating expenses include water, insurance, and taxes, contributing to an impressive 8% ROI. All three apartment units are fully occupied, and an additional main-level space with a half bath offers the potential to lease as a small office for added income. This is a rare opportunity to own a solid, cash-flowing property with flexibility for future growth—schedule your private showing today and be sure to view the floor plans to see the full potential.
Location
State OH
County Darke
Zoning Residential
Rooms
Basement Slab
Interior
Heating Baseboard, Electric
Cooling None
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, Sanitary Sewer, Well
Building
Structure Type Vinyl,Wood
Schools
School District Franklin-Monroe
Listed by Leis Realty Company
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