616-618 Main St Wellsville, OH 43968
- Apartment buildings
- 0.07 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 616-618 Main St
- Year built
- 1930
- Lot size
- 0.07 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wellsville
- County
- Columbiana
- State
- Ohio
- Longitude
- -80.645
- Latitude
- 40.6062