For Sale
$154,555

13806 Locust St Murray City, OH 43144

High-Yield Investment Opportunity in Ohio

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional three-unit apartment building, located at 13806 Locust Street in Murray City, Ohio, presents a compelling investment opportunity. Built in 1920, this property sits on a spacious 14,374.8 square foot lot and boasts 100% occupancy. The asking price is $154,555, translating to $73.39 per square foot. Each of the three one-bedroom units is currently leased, generating a combined monthly rental income of $1852 ($727, $575, and $550 respectively). Significant upgrades and improvements totaling $20,000 have been completed within the last three years, enhancing the property's value and appeal. The property's convenient location, just 7 miles from US Route 33 Freeway, ensures easy access to major transportation routes. The seller is motivated, making this a rare chance to acquire a profitable multifamily property in a desirable location at a competitive price. This is a turnkey investment ready for immediate cash flow. The property is situated in Hocking County, Ohio, zip code 43144. Serious inquiries are encouraged.

Highlights

  • $154,555 asking price for this three-unit apartment building.
  • Multifamily property with three one-bedroom units, currently 100% occupied.
  • $73.39 price per square foot.
  • 14,374.8 square foot lot.
  • Built in 1920, with $20,000 in upgrades within the last three years.

Property Details for 13806 Locust St

Property type
Apartment buildings, Small apartment buildings
Year Built
1920
Units
3

Location Insight

City
Murray City
County
Hocking
State
Ohio
Latitude
39.5140525
Longitude
-82.1648832

FAQs

What type of property is this?
Apartment building - High-Yield Investment Opportunity in Ohio
Where is the apartment building located?
The property is located at 13806 Locust St Murray City, OH.
What is the asking price?
The asking price for this property is $154,555.
What are key features of this property?
This property features: $154,555 asking price for this three-unit apartment building.; Multifamily property with three one-bedroom units, currently 100% occupied.; $73.39 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.
How do I access a private listing?
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13806 Locust St
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