For Sale
$114,900

640 Prospect St Marion, OH 43302

Two-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
136
This charming 2-unit apartment building, located at 640 S Prospect Street in Marion, Ohio, presents a fantastic investment opportunity. Built in 1910, this property boasts a spacious 9,583.2 square foot lot and offers a total of two units, currently enjoying 100% occupancy. The asking price is $114,900, translating to a price per square foot of $53.79. The property's address is 640 S Prospect Street, Marion, OH 43302, situated in Marion County. Its convenient location within the city offers easy access to local amenities and services. The building's age suggests potential for renovation and value enhancement, making it an attractive prospect for investors seeking a hands-on project or a steady income stream. The property's strong occupancy rate indicates a stable rental market and potential for future growth. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a desirable Ohio market. The property's size and location make it ideal for both seasoned investors and those new to the real estate market. Serious inquiries are encouraged.

Highlights

  • Charming 2-unit apartment building in Marion, OH.
  • 9,583.2 sq ft lot.
  • 100% occupancy.
  • Asking price: $114,900 ($53.79/sq ft).
  • Located at 640 S Prospect Street, Marion, OH 43302.
  • Built in 1910, offering renovation potential.

Property Details for 640 Prospect St

Property type
Apartment buildings, Small apartment buildings
Year Built
1910
Units
2

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.5776031
Longitude
-83.1305541

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, 100% occupied.
Where is the apartment building located?
The property is located at 640 Prospect St Marion, OH.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Charming 2-unit apartment building in Marion, OH.; 9,583.2 sq ft lot.; 100% occupancy.
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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640 Prospect St
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