803 Washington AveLancaster, OH 43130

  • Residential income properties
  • 3,360 SF
For Sale
$219,000 View listing

Property Details for 803 Washington Ave

Year built
1900
Property size (Sq ft)
3,360 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional 2-story, 3,360 square foot apartment building located at 803 Washington Ave, Lancaster, OH 43130, presents a compelling investment opportunity. Built in 1900, this multifamily property features four units: two 2-bedroom units and two 1-bedroom units. The asking price is $219,000, translating to $65.18 per square foot and $54,750 per unit. Current monthly rents range from $430 to $695, with one unit currently vacant, offering immediate potential for increased revenue. The property boasts off-street parking, a significant advantage in this location. The building is zoned for residential multi-family use, ensuring its suitability for continued operation as a rental property. The property is ready for occupancy on June 18, 2024. This is an ideal opportunity for an owner-user or investor seeking to establish or expand their real estate portfolio within a thriving Ohio market. The property's strong rental history and convenient location make it a highly attractive investment prospect. This is a rare chance to acquire a well-maintained, income-generating property in a desirable area. Don't miss this chance to secure a profitable addition to your investment holdings.

803 Washington Ave, Lancaster, Ohio

Location Insight

City
Lancaster
County
Fairfield
State
Ohio
Latitude
39.717
Longitude
-82.6166

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