121 Main St Troy, OH 45373

This exceptional mixed-use property, located at 121 E Main St in historic downtown Troy, Ohio, presents a compelling investment opportunity. The three-story brick building, constructed in 1841, boasts 8,029 square feet and sits on a 0.074-acre lot. Currently operating at 100% occupancy with 11 tenants, the property generates a strong NOI of $71,050, representing a 7.10% cap rate. The building features four residential units: a two-bedroom apartment on the first floor, a three-bedroom apartment with a balcony on the second floor, and a four-bedroom apartment with dual living rooms on the second floor. All residential units are fully furnished. The ground floor also includes a leased salon with amenities and a leased office space. The expansive third floor offers versatile space, currently unutilized, suitable for commercial use or potential conversion into additional residential units. Recent renovations (2022-2024) include new windows, HVAC systems, a tankless water heater, and updated interior finishes. The asking price is $1,000,000, translating to $124.55 per square foot and $700 per bedroom. This property offers a blend of commercial and residential income streams, making it an attractive investment with significant upside potential. The current tenant base includes Hobart Welding students, maximizing return on investment.