616-618 Main St, Wellsville, OH 43968
This exceptional investment opportunity presents a five-unit multi-family property ideally situated in the heart of downtown Wellsville, Ohio. Comprising two buildings located at 616-618 Main Street, this property sits on a conveniently sized 0.07-acre lot. All five units are currently occupied, providing immediate and consistent rental income. The long-term tenancy of several residents speaks to the property's desirability and stability. This translates to a reliable and predictable cash flow for the investor. The walkable downtown location offers tenants easy access to local amenities, further enhancing the property's appeal and minimizing vacancy risk. The property's established history and consistent occupancy make it an attractive investment for those seeking a stable and profitable addition to their portfolio. This is a turnkey opportunity with existing tenants in place, requiring minimal management overhead. The asking price for this well-maintained, income-generating property is $115,000. This represents a compelling value proposition in the current market, offering a strong return on investment. Serious inquiries are encouraged to explore this promising opportunity further. The property is offered as-is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.