Current Use by Public Records
- Apartment buildings
Property Details for 108-110 Main St
- Year built
- 1970
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional multifamily investment opportunity presents a well-maintained nine-unit apartment building located at 108-110 S Main Street, Pleasantville, Ohio 43148. Built in 1970, this property sits on a substantial 18,295.2 square foot lot and offers a compelling 13.54% capitalization rate at the asking price of $334,900 ($56.25 per square foot). The property comprises three separate buildings, each housing multiple units, all currently rented, generating consistent income. A detailed profit and loss statement is available upon request. Each unit features individual electric meters, with only three water heaters remaining on gas. Water and trash services are covered by the property owner, while tenants are responsible for lawn maintenance. Most units have undergone cosmetic updates, showcasing moderate finishes. A significant garage space, frequently rented for supplemental income, presents potential for conversion into additional rental units. The seller is open to negotiating concessions based on the terms of acceptable offers. This self-managed property is offered by a motivated seller. Please note: Do not disturb tenants.
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
- Pleasantville
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.5226
- Latitude
- 39.8088
