803 Washington AveLancaster, OH 43130

Property Details for 803 Washington Ave

Year built

1900

Property size (Sq ft)

3,360 SF

Property type

Apartment buildings

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.

Location Insight

City

Lancaster

County

Fairfield

State

Ohio

Latitude

39.717

Longitude

-82.6166

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