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    OFF-MARKET
    Apartment buildings

    616-618 Main St, Wellsville, OH 43968

    0.07 ac lot Built 1930
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1930
    Lot 0.07 ac (3,049 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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