545 E Mcconnel Avenue
Mcconnelsville , OH 43756
MLS#: 5123896
$289,900
Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1967
Sq.Footage
3,300
Great Investment Opportunity! Fully Rented, Turnkey Brick Apartment Building – 7.66% % CAP Rate Don’t miss this rare chance to own a well-maintained, income-producing property in the heart of McConnelsville! This solid brick apartment building, located at 545 E. McConnell Ave., is in excellent condition and offers three spacious, fully rented units with a strong rental history and zero downtime during recent turnovers. **Property Features:** * **Unit 1:** 2 bed / 1 bath * **Unit 2:** 2 bed / 1 bath * **Unit 3:** 4 bed / 2 bath – *potential to convert into two separate units for increased income* * On-site laundry in every unit * Generous storage throughout * Outdoor porches and upper-level balcony for added charm and tenant appeal This property has been expertly maintained and boasts steady occupancy with high demand. With a 7.66% CAP rate, immediate cash flow, and future upside by converting Unit 3 into two apartments, this is an ideal addition to any investor’s portfolio. Schedule a showing today and seize this incredible opportunity! This is the kind of rental investors look for: clean numbers, reliable tenants, and a great area. Don’t miss out.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Above Grade Finished Area
3300.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Balcony
-
Parking
Gravel, Off Street, On Street, Unpaved
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
City Lot, Level
-
Lot Size(acres)
0.28
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$289,900
-
Tax Amount
$3,205
-
Sq. Footage
3, 300
-
Price/SqFt
$87
HOA
-
Association
No
School District
-
Elementary School
Morgan LSD - 5801
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Morgan
Elementary School
Morgan LSD - 5801
Middle School
High School
Listing Courtesy of Cinda Erickson , Berkshire Hathaway HomeServices Professional Realty
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