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34 W Church Street

Newark, OH 43055
  • $498,900
  • STATUS: Active
  • ON SITE: 136 days
  • MLS #: 221003259
Price Reduced
UPDATED: 49 min ago
$498,900
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,860
    SQFT
  • $85
    $/SQFT
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

School District:

Description

Terrifics Investment Opportunity in Central Ohio. 12 Unit Apartment Building.Each unit will rent from 795mo to 995mo. Plenty of nearby city parking. Property to be Purchased AS IS and will require demo and complete rebuilt, which rehab will be appx 425k. ARV of this property is appx. 1.75mThe City of Newark offers appx 12 Year Tax Abatement on this property. This property was in contract but buyers loan was denied so its back on the market and ready for you. Projected Monthly income of $10,740.00Investment 375k Purchase + 425k Rehab = 800k Investment.After Rehab Valuation is 1.3m Buyer to provide architectural plans.

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© 2021 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or ERA Real Solutions Realty. Data last updated: 2021-06-21T20:51:28.193.
www.eracentralohio.com/homes/113926570
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34 W Church Street Newark, OH 43055

  • Price: $498,900
  • Status: Active
  • Updated: 49 min ago
  • MLS #: 221003259
0
Beds
0
Baths
0
½ Baths
0.05
Acres
5,860
SQFT
$85
$/SQFT
1890
Built
County:
Licking
Area:
Newark
School District:
Newark Csd 4507 Lic Co.
Property Description
Terrifics Investment Opportunity in Central Ohio. 12 Unit Apartment Building.Each unit will rent from 795mo to 995mo. Plenty of nearby city parking. Property to be Purchased AS IS and will require demo and complete rebuilt, which rehab will be appx 425k. ARV of this property is appx. 1.75mThe City of Newark offers appx 12 Year Tax Abatement on this property. This property was in contract but buyers loan was denied so its back on the market and ready for you. Projected Monthly income of $10,740.00Investment 375k Purchase + 425k Rehab = 800k Investment.After Rehab Valuation is 1.3m Buyer to provide architectural plans.
Exterior Features

Lot Size Frontage 20 Lot Size Side 99

Interior Features

Heat Fuel Gas Heating Forced Air

Property Features

Auction No Between Street1 N. 3rd Street Between Street2 N. 4th Street Built Prior To1978 Yes Corp Limit Per Auditor Newark For Exchange No For Sale Yes Multifamily Sub Type Midrise New Financing ConventionalLand ContractOwner Services Available ElectricGasSanitary SewerWater Tax District 054 Tax Year 2019 Taxes Yearly 2577.00 Township None Year Remodeled 2017

Listing provided courtesy of Rick E Starr of Experience Matters, Llc


© 2021 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or ERA Real Solutions Realty. Data last updated: 2021-06-21T20:51:28.193.
 
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