206 Mark StMarion, OH 43302

Property Details for 206 Mark St

Year built

1952

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This two-unit apartment building, located at 206 E Mark Street in Marion, Ohio (zip code 43302), presents a compelling investment opportunity. Built in 1952, the property sits on a spacious 13,068 square foot lot and is priced at $115,000, translating to $69.28 per square foot. The property comprises two rental units: an upper one-bedroom unit currently generating $700 in monthly rent, recently updated with new carpeting and fresh paint; and a lower two-bedroom unit commanding $850 in monthly rent, featuring newer paint and flooring, along with recent kitchen and bathroom improvements. The lower unit boasts a large living area, central air conditioning, and ample storage. The property also includes off-street parking and a sizable yard. An existing carriage house garage, while needing repairs, offers potential for future development as an additional rental unit, further enhancing the property's income potential. This property is ideal for investors seeking a strong cash flow and potential for future appreciation. The property's location in Marion, Ohio provides convenient access to local amenities and services.

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5951

Longitude

-83.1264

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