732 State Route 61Sunbury, OH 43074

Property Details for 732 State Route 61

Year built

1880

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment property in Sunbury, Ohio, presents a rare opportunity to acquire a multi-family complex with significant income potential. Located at 732 N State Route 61, this 320,166 square foot lot boasts three fully updated rental properties: a 4-bedroom, 2.5-bathroom two-story home, a studio apartment, and a 3-bedroom, 2-bathroom ranch-style home. The combined net rentable square footage totals 4,693 square feet, with an asking price of $1,199,900, resulting in a price per square foot of $276.99. Built in 1880, the property features a picturesque pond, enhancing its aesthetic appeal and overall value. Its convenient location offers easy access to parks, schools, shopping centers, and major freeways. The property's zoning potential presents further upside. Berkshire Township may allow for a lot split and potential commercial zoning, unlocking additional development opportunities. The seller is also considering selling the adjacent property at 770 State Route 61, offering the potential for an even larger portfolio. This unique investment opportunity is ideal for those seeking a high-yield, multi-family property with significant long-term growth potential. The property is located in Delaware County, Ohio, with a zip code of 43074.

Location Insight

City

Sunbury

County

Delaware

State

Ohio

Latitude

40.2506

Longitude

-82.8569

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