Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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