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    Apartment buildings

    711-715 Main St, Wellsville, OH 43968

    0.1 ac lot Built 1920
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a seven-unit apartment building located at 711-715 Main Street in Wellsville, Ohio, situated on a 0.1-acre lot. The property offers a mix of unit sizes to cater to a diverse tenant base. Three units boast two bedrooms and one bathroom each, while the remaining four units provide one bedroom and one bathroom. This configuration allows for flexibility in tenant selection and rental pricing strategies. The building features updated windows, enhancing energy efficiency and curb appeal. Adding to the property's value, two of the units include the convenience of single-car garages, a highly sought-after amenity. Currently, all but two units are occupied, generating immediate rental income. The property's operational efficiency is further enhanced by the inclusion of water, sewer, and trash removal in the owner's expenses. This hands-off approach to property management minimizes operational burdens and maximizes potential returns. The asking price for this well-maintained multi-family property is $265,000, presenting a compelling opportunity for investors seeking strong cash flow and long-term appreciation. The property's location in Wellsville, Ohio, offers convenient access to local amenities and transportation networks. This is an ideal opportunity for both seasoned investors and those seeking to enter the real estate market. The combination of occupied units, desirable features, and manageable expenses makes this a truly attractive investment.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1920
    Lot 0.1 ac (4,356 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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