For Sale
$186,888

249 Church StNewark, OH 43055

Prime Newark investment; 2-unit apartment building.

Overview

Added:
Dec 11, 2024
Days on market:
114
This charming 2-unit apartment building, located at 249 W Church Street in Newark, Ohio, presents a compelling investment opportunity. Built in 1925, the property sits on a 6,534 square foot lot and boasts a price per square foot of $100.26. The asking price is $186,888. The building comprises two units, each currently occupied by long-term tenants, generating a combined monthly income of approximately $1940. The downstairs unit features two bedrooms, one bathroom, high ceilings, and abundant natural light. The upstairs unit offers one bedroom, one bathroom, a spacious family room, and a kitchen. This property is ideal for investors seeking to enter the rental market or expand their existing portfolio. The property is offered with a curb offer only, requiring a walkthrough within 48 hours of contract acceptance. The property's location in Newark, Licking County, Ohio, zip code 43055, offers convenient access to local amenities and services. This is a turnkey investment opportunity with a projected cap rate approaching 10%.

Highlights

  • $186,888 asking price.
  • Multifamily property, specifically a duplex/triplex/quadruplex apartment building.
  • $100.26 price per square foot.
  • Two units total.
  • Built in 1925.
  • 6,534 square foot lot.

Property Details for 249 Church St

Property type
Apartment buildings, Small apartment buildings
Year Built
1925
Units
2

Location Insight

City
Newark
County
Licking
State
Ohio
Latitude
40.0568443
Longitude
-82.4132481
249 Church St, Newark, Ohio

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249 Church St
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