301 Vine St Mount Vernon, OH 43050
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 301 Vine St
- Year built
- 1931
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
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
- Mount Vernon
- County
- Knox
- State
- Ohio
- Longitude
- -82.4892
- Latitude
- 40.393
