437 Cherry StMarion, OH 43302

Property Details for 437 Cherry St

Year built

1910

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This charming two-unit apartment building, located at 437 Cherry Street in Marion, Ohio, presents a fantastic investment opportunity. Built in 1910 and completely remodeled in 2024, this property boasts a desirable location and strong rental income potential. The duplex sits on a 6,534 square foot lot and offers ample off-street parking in the rear. Both units feature brand new kitchens, fresh paint, updated spouting, and mostly new flooring. The first-floor unit, a two-bedroom apartment, includes a washer/dryer hookup in the basement and is currently rented month-to-month for $620. The upstairs unit, a one-bedroom apartment, is currently vacant, allowing for immediate occupancy or rental income generation. Stoves and refrigerators are included in both units. Tenants are responsible for gas and electric utilities, while the seller covers water, sewer, and trash services. This turnkey property offers a compelling combination of updated amenities, strong rental income, and a desirable location in Marion, Ohio, making it an ideal addition to any investment portfolio. The asking price is $129,900, with a price per square foot of $76.05. The property is zoned for multifamily use and offers a solid return on investment. The upstairs unit is vacant and ready for immediate showing, while the downstairs unit will be vacated upon acceptance of an offer.

Location Insight

City

Marion

County

Marion

State

Ohio

Latitude

40.5816

Longitude

-83.1339

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