401 Detroit St Bellefontaine, OH 43311
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 401 Detroit St
- Year built
- 1900
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This Bellefontaine, Ohio duplex at 401 N Detroit Street presents a compelling investment opportunity. Priced at $64,900, this multifamily property offers significant upside potential. The building, constructed in 1900, boasts a total of 2,787 square feet, excluding a 1,300 square foot finished attic. Currently configured as two large two-bedroom, one-bathroom units, the property offers the potential for expansion. The attic space could be converted into an additional unit, creating a triplex, or the existing units could be renovated to create two three-bedroom, two-bathroom units. The property requires a complete interior renovation, but significant exterior work has already been completed. A new roof, soffit, and fascia were installed in 2024, along with other exterior improvements. Located near downtown Bellefontaine, the property benefits from a convenient location. The lot size is not specified. The price per square foot is $23.29. This property is ideal for an investor seeking a fixer-upper with substantial rental income potential after renovation. The open concept floor plans offer flexibility in design and layout. This is a rare opportunity to acquire a property with such potential in a desirable location.
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
- Bellefontaine
- County
- Logan
- State
- Ohio
- Longitude
- -83.7615
- Latitude
- 40.3656
