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    732 State Route 61 Sunbury, OH 43074

    Sponsored
    For Sale
    $1,199,900

    Three Updated Homes, High Income Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment property in Sunbury, Ohio, presents a rare opportunity to acquire a multi-family complex with significant income potential. Located at 732 N State Route 61, this 320,166 square foot lot boasts three fully updated rental properties: a 4-bedroom, 2.5-bathroom two-story home, a studio apartment, and a 3-bedroom, 2-bathroom ranch-style home. The combined net rentable square footage totals 4,693 square feet, with an asking price of $1,199,900, resulting in a price per square foot of $276.99. Built in 1880, the property features a picturesque pond, enhancing its aesthetic appeal and overall value. Its convenient location offers easy access to parks, schools, shopping centers, and major freeways. The property's zoning potential presents further upside. Berkshire Township may allow for a lot split and potential commercial zoning, unlocking additional development opportunities. The seller is also considering selling the adjacent property at 770 State Route 61, offering the potential for an even larger portfolio. This unique investment opportunity is ideal for those seeking a high-yield, multi-family property with significant long-term growth potential. The property is located in Delaware County, Ohio, with a zip code of 43074.

    Property Features for 732 State Route 61

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1880

    HighLights

    • Exceptional multi‑family investment opportunity in Sunbury, OH.
    • 320,166 sq ft lot with three updated rental units (4/2.5, studio, 3/2).
    • 4,693 sq ft of net rentable space, asking price $1,199,900 ($276.99/sq ft).
    • Picturesque pond on the property.
    • Convenient location near parks, schools, shopping, and freeways.
    • Potential for lot split and commercial zoning in Berkshire Township.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunbury
    County
    Delaware
    State
    Ohio
    Longitude
    -82.856934
    Latitude
    40.250605

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Specialty property - Three Updated Homes, High Income Potential
    Where is this specialty property located?
    The property is located at 732 State Route 61 Sunbury, OH.
    What is the asking price?
    The asking price for this property is $1,199,900.
    What are key features of this property?
    This property features: Exceptional multi-family investment opportunity in Sunbury, OH.; 320,166 sq ft lot with three updated rental units (4/2.5, studio, 3/2).; 4,693 sq ft of net rentable space, asking price $1,199,900 ($276.99/sq ft).
    Request Owner's contact information
    732 State Route 61 Sunbury, OH 43074
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    Sunbury, OH 43074
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    732 State Route 61 Sunbury, OH 43074
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