For Sale
$215,000

885 Mount Vernon Ave Marion, OH 43302

Two-unit apartment building, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This charming two-unit apartment building, located at 885 Mt Vernon Avenue in Marion, Ohio, presents a fantastic investment opportunity. Built in 1907 and situated on a 7,405.2 square foot lot, this property offers two units, each featuring two bedrooms and one bathroom. The asking price is $215,000, translating to $100.28 per square foot. Both units are currently rented on a month-to-month basis, with tenants expressing a desire to remain. Importantly, current rental rates are below market value, providing immediate potential for increased income. The property boasts significant recent upgrades, including a new roof and HVAC system installed in 2018. Tenants are responsible for all utilities. Showings are readily available within 24 hours of an accepted offer. This property offers a blend of historical charm and modern updates, making it an attractive investment for both seasoned and novice investors seeking strong returns in a desirable Ohio location. The property's zip code is 43302.

Highlights

  • $215,000 asking price.
  • Multifamily property, specifically a two-unit apartment building (duplex).
  • $100.28 price per square foot.
  • Two units, each with two bedrooms and one bathroom.
  • Built in 1907, situated on a 7,405.2 sq ft lot.
  • Roof and HVAC systems replaced in 2018.

Property Details for 885 Mount Vernon Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1907
Units
2

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.5807055
Longitude
-83.1098691

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, high rental potential.
Where is the apartment building located?
The property is located at 885 Mount Vernon Ave Marion, OH.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: $215,000 asking price.; Multifamily property, specifically a two-unit apartment building (duplex).; $100.28 price per square foot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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885 Mount Vernon Ave
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