640 Prospect St Marion, OH 43302
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 640 Prospect St
- Year built
- 1910
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This charming 2-unit apartment building, located at 640 S Prospect Street in Marion, Ohio, presents a fantastic investment opportunity. Built in 1910, this property boasts a spacious 9,583.2 square foot lot and offers a total of two units, currently enjoying 100% occupancy. The asking price is $114,900, translating to a price per square foot of $53.79. The property's address is 640 S Prospect Street, Marion, OH 43302, situated in Marion County. Its convenient location within the city offers easy access to local amenities and services. The building's age suggests potential for renovation and value enhancement, making it an attractive prospect for investors seeking a hands-on project or a steady income stream. The property's strong occupancy rate indicates a stable rental market and potential for future growth. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a desirable Ohio market. The property's size and location make it ideal for both seasoned investors and those new to the real estate market. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- Ohio
- Longitude
- -83.1306
- Latitude
- 40.5776
