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    370 S State Street , 1-4

    Marion, OH 43302
    • $239,000
    • STATUS: Active
    • ON SITE: 17 days
    • MLS #: 221000461
    UPDATED: 11 min ago
    $239,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,840
      SQFT
    • $84
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    4-plex cash cow opportunity. Cash flow on this will be $700 x 4=$2800 + laundry income + storage income; monthly. Property has been owned since Mid-September of 2020. Recently renovated (65k) all 4 units and they look virtually alike. 2 units recently rented on a 1 yr lease at $700 monthly each. Current tenants have been vetted for employment records proven. Each unit is 600 sq ft and has its own bedroom, bathroom, kitchen, ovens and refrigerators etc. other 2 units just finished renovation at the end of the year and placed on the market in January for rent. Central heat, A/C, and common areas paid by owner. Tenants pay for viewing after accepted offer and proof of financing/funds. Agent principle owner: corporate owned. Additional income opportunity here is in the basement.

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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: 2021-01-25T11:51:41.19.
    www.eracentralohio.com/homes/113065557
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    370 S State Street , 1-4 Marion, OH 43302

    • Price: $239,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 221000461
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,840
    SQFT
    $84
    $/SQFT
    1910
    Built
    Neighborhood:
    Bain Addition
    County:
    Marion
    Area:
    Marion
    School District:
    Marion Csd 5102 Mar Co.
    Property Description
    4-plex cash cow opportunity. Cash flow on this will be $700 x 4=$2800 + laundry income + storage income; monthly. Property has been owned since Mid-September of 2020. Recently renovated (65k) all 4 units and they look virtually alike. 2 units recently rented on a 1 yr lease at $700 monthly each. Current tenants have been vetted for employment records proven. Each unit is 600 sq ft and has its own bedroom, bathroom, kitchen, ovens and refrigerators etc. other 2 units just finished renovation at the end of the year and placed on the market in January for rent. Central heat, A/C, and common areas paid by owner. Tenants pay for viewing after accepted offer and proof of financing/funds. Agent principle owner: corporate owned. Additional income opportunity here is in the basement.
    Exterior Features

    Construction Vinyl Siding

    Interior Features

    Air Conditioning Central Heat Fuel Gas Heating Forced Air

    Property Features

    1 Bedroom Monthly Rent Per Unit 700.00 1 Bedroom Units 4 2 Bedroom Monthly Rent Per Unit 0.00 2 Bedroom Units 0 3 Bedroom Monthly Rent Per Unit 0.00 3 Bedroom Units 0 Auction No Between Street1 Gurley Between Street2 Bain Built Prior To1978 Yes Corp Limit Per Auditor Marion Efficiency Monthly Rent Per Unit 700.00 Efficiency Units 4 Financials Gross Rental Income 700.00 Financials Vacancy And Credit Loss 2100.00 For Exchange No For Sale Yes Miscellaneous BasementW/D Hookups Mult Parcels Sch Dis No Multifamily Sub Type Combination Other Monthly Rent Per Unit 0.00 Other Units 0 Owner Pays ElectricGasSewerTrashWater Services Available ElectricGasSanitary SewerStorm SewerWater Tax District 12 Tax Incentive No Tax Year 2019 Taxes Yearly 2.00 Tenant Pays Electricity Township Marion Use Code 401 - APARTMENT:4-19 UNITS Year Remodeled 2020

    Listing provided courtesy of Sabina M Carder of Crites Realty Company


    © 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: 2021-01-25T11:51:41.19.
     
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    ERA Real Solutions Realty
    168 S. State Street
    Westerville OH, 43081