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Property profile

301 Vine St Mount Vernon, OH 43050

OFF-MARKET
Apartment buildings
Built 1931
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Property summary

AI-generated overview

This charming 1931 two-unit apartment building, located at 301 E Vine Street in Mount Vernon, Ohio, presents a fantastic investment opportunity. Situated on a 5,662.8 square foot lot, this property offers two vacant units, allowing for immediate customization and rent optimization. The first floor unit boasts one bedroom, a full bath, a kitchen, a spacious dining room with built-ins, a large living room, a sunroom, and an enclosed rear porch. Upstairs, the second unit features one bedroom, a full bath, a living room, a kitchen, and a covered porch. The property's convenient location near downtown Mount Vernon, schools, and a park enhances its appeal. Previously rented at lower rates, this property offers significant potential for increased rental income. The seller has recently completed some repairs, making this a move-in ready investment. Cash or conventional financing is required. The asking price is $245,900, with a price per square foot of $115.23. This is a rare opportunity to acquire a well-located, two-unit building with immediate upside potential in a desirable Ohio community. Don't miss out on this chance to add a valuable asset to your portfolio.

Property profile

Verified
Property type Apartment buildings
Year built 1931

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

301 Vine St Mount Vernon, OH 43050
Mount Vernon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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