1727 State Route 257Delaware, OH 43015

Property Details for 1727 State Route 257

Year built

1953

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional investment opportunity presents a meticulously renovated duplex situated on a spacious 1.3-acre lot in desirable Delaware, Ohio. The property, located at 1727 State Route 257 S, boasts two units, each featuring two bedrooms and one bathroom. A complete renovation in 2021 ensures modern appeal and functionality. Each unit includes an updated galley kitchen equipped with a range and microwave. Individual electric meters provide efficient utility management, while mini-splits and ceiling radiant heat offer comfortable climate control. On-demand hot water systems further enhance convenience. Tenants are responsible for electricity, cable, phone, and trash services. The property utilizes a shared well water system, although Delaware County Water is readily available at the street. Adding to the property's appeal is a charming paver patio at the rear and a detached two-car garage. Built in 1953, this property offers a blend of classic charm and modern updates, making it an attractive option for renters. Currently operating at 50% occupancy, this duplex presents a significant opportunity for increased revenue. The asking price is $384,000, with a price per square foot of $235.29. The lot size is a substantial 56,628 square feet. This property is conveniently located minutes from the heart of Delaware, offering easy access to amenities and transportation. Don't miss this chance to acquire a well-maintained, high-potential investment property in a thriving Ohio market.

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.2941

Longitude

-83.1627

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