For Sale
$374,900

1855 Cherry Valley RdNewark, OH 43055

Two renovated homes, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents two single-family homes situated on a 0.35-acre lot in Newark, Ohio. The property boasts a total of 3,255 square feet, encompassing a two-story, 2,007-square-foot home with four bedrooms and two bathrooms, and a one-story, 1,248-square-foot ranch-style home, also featuring four bedrooms and two bathrooms. Both homes have undergone renovations in 2024, including updated windows, flooring, and paint. The two-story home includes a large living/kitchen area, spacious dining/den/office, a partial basement, a fenced yard, and off-street parking. The ranch-style home offers an open kitchen/dining/living room, a fenced yard, a shed, and off-street parking. Each unit currently generates $1,200 in monthly rent. Conveniently located near major roadways (SR 16/40/79/161), the property enjoys proximity to dining, shopping, entertainment, a hospital, schools, and is within 20 minutes of Intel. An easement ensures property access. One home is currently vacant and ready for immediate occupancy, while the other is occupied by a long-term tenant. The seller pays water/sewer

Highlights

  • Fantastic investment opportunity: Two single-family homes on a 0.35-acre lot.
  • Two-story, 2,007 sq ft home with 4 bedrooms, 2 baths, large living/kitchen, spacious dining/den/office, partial basement, fenced yard, and off-street parking.
  • One-story, 1,248 sq ft ranch with 4 bedrooms, 2 baths, open kitchen/dining/living room, fenced yard, shed, and off-street parking.
  • Both homes recently renovated with updated windows, flooring, and paint; each currently rents for $1,200/month.
  • Excellent location near SR 16/40/79/161, with proximity to amenities including dining, shopping, entertainment, hospital, schools, and Intel (20 minutes away).
  • One home is vacant and ready for immediate occupancy; the other has a long-term tenant. Seller pays water/sewer; tenant pays gas/electric.

Property Details for 1855 Cherry Valley Rd

Property type
Residential income homes
Square Feet
3,255 SF
Year Built/Renovated
1940/2024
Buildings
2
Stories
2
Lot Size (sq. ft)
15,246 SF
Units
2

Location Insight

City
Newark
County
Licking
State
Ohio
Latitude
40.043199447589
Longitude
-82.467655158295
1855 Cherry Valley Rd, Newark, Ohio

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1855 Cherry Valley Rd
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