247 Newark Rd Mount Vernon, OH 43050

This exceptional investment opportunity presents a three-unit multifamily property situated on a spacious 20,037.6 square foot lot at 247 & 249 Newark Road, Mount Vernon, Ohio 43050. Built in 1921, the property consists of a two-story duplex and a single-story ranch, offering a total of three separate living spaces. The duplex features a downstairs area with two to three bedrooms, while the unfinished upstairs, accessible via a separate entrance, holds the potential for an additional two bedrooms. The single-story ranch includes one to two bedrooms. In total, the property could potentially house six to eight bedrooms upon completion of renovations. The asking price is $195,000, translating to $64.14 per square foot. While the property requires some work – notably, the second floor of the duplex is currently gutted – this presents a unique chance for a buyer to customize the space to their specifications and create a significant return on investment. The substantial lot size and the multiple units offer considerable potential for rental income and future appreciation. This property is ideal for an investor seeking a hands-on project with high upside potential in a desirable location.