For Sale
$64,900

401 Detroit StBellefontaine, OH 43311

Two-unit building, needs renovation, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This Bellefontaine, Ohio duplex at 401 N Detroit Street presents a compelling investment opportunity. Priced at $64,900, this multifamily property offers significant upside potential. The building, constructed in 1900, boasts a total of 2,787 square feet, excluding a 1,300 square foot finished attic. Currently configured as two large two-bedroom, one-bathroom units, the property offers the potential for expansion. The attic space could be converted into an additional unit, creating a triplex, or the existing units could be renovated to create two three-bedroom, two-bathroom units. The property requires a complete interior renovation, but significant exterior work has already been completed. A new roof, soffit, and fascia were installed in 2024, along with other exterior improvements. Located near downtown Bellefontaine, the property benefits from a convenient location. The lot size is not specified. The price per square foot is $23.29. This property is ideal for an investor seeking a fixer-upper with substantial rental income potential after renovation. The open concept floor plans offer flexibility in design and layout. This is a rare opportunity to acquire a property with such potential in a desirable location.

Highlights

  • Bellefontaine, OH duplex investment opportunity, priced at $64,900.
  • 2,787 sq ft (excluding 1,300 sq ft finished attic) multifamily property built in 1900.
  • Two large 2-bed/1-bath units; potential for conversion to triplex or renovation to 3-bed/2-bath units.
  • Complete interior renovation needed; new roof, soffit, and fascia installed in 2024.
  • Convenient downtown Bellefontaine location; $23.29/sq ft.

Property Details for 401 Detroit St

Property type
Apartment buildings, Small apartment buildings
Year Built
1900
Units
2

Location Insight

City
Bellefontaine
County
Logan
State
Ohio
Latitude
40.3656124
Longitude
-83.7614562
401 Detroit St, Bellefontaine, Ohio

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401 Detroit St
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