Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1969
Sq.Footage
N/A
Attention Investors - 27-Unit Apartment Complex - 3 Buildings on 5 Acres - Potential Gross Income $300,000 - Union Twp., Muskingum County, East Muskingum LSD. Live Auction with Online Bidding Available on Real Estate. Sells on location. ONLINE BIDDING BEGINS MONDAY, JUNE 24, 2024 – 12:00 PM and AUCTION LIVE ON-SITE BIDDING WILL BEGIN THURSDAY, JUNE 27, 2024, 12:00 PM. Real Estate: Exciting opportunity! 3 building apartment complexes on 5 acres. Great income potential. Sellers have owned for 23 years and are ready to retire. Many long-term tenants. Currently, 100% occupied with a waitlist. All buildings are 2-story brick with outside entry and paved parking lot. Buildings consist of - 175 Friendship Dr. (West Bldg.): 11 total units. (4) 2-story townhouses with 2 bedrooms and one and a half baths. (6) two-bedroom, one-bathroom apartments. Lower-level features coin-laundry/utility room and one bed, one bath apartment - 175 Friendship Dr. (East Bldg.): 8 total units featuring 2 bedrooms, 1 bath, large living room, dining area, and galley kitchen in each one. The lower level features a utility room with loads of storage space - 12 Friendship Dr. (South Bldg.): 8 total units all featuring 2 bedrooms, 1 bath, a dine-in kitchen, and a large living room. The lower level includes a coin-op laundry and maintenance room. All tenants MTM. Townhouses rent for $840, and two-bedroom units rent for $740, making gross rents over $240,000 per year with room to grow. The owner pays water/sewer, trash, and cable. Tenants pay electric, all units have separate meters. This property is a cash cow with much to offer! Muskingum parcel #66270622000, #66270620000, #66270623000. Half-year taxes are $8,385.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Wall Unit(s)
-
Heating YN
YES
-
Heating
Baseboard, Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
5.0
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$0
-
Tax Amount
16770.0
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Zoning
Multi-Family
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Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
East Muskingum LSD - 6001
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Muskingum
Elementary School
East Muskingum LSD - 6001
Middle School
High School
Listing Courtesy of Kristen Kiko , Kiko
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