106 Franklin St Nelsonville, OH 45764
- Apartment buildings
Current Use by Public Records
- Historic District / Historical Landmark
Property Details for 106 Franklin St
- Year built
- 1900
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional three-unit apartment building in Nelsonville, Ohio, presents a compelling investment opportunity. Located at 106 E Franklin Street, this 1900-built property boasts a desirable location, just a short walk from the downtown area. The complex comprises three distinct units: Unit A, a first-floor, two-bedroom, one-bathroom apartment currently leased at $600 per month; Unit B, a second-floor, three-bedroom, one-bathroom unit with a rental potential of $1,100 per month; and Unit C, a spacious two-story, four-bedroom, one-bathroom apartment spanning over 1,300 square feet, currently generating $1,300 in monthly rent. Several units feature upgraded appliances. The property sits on a 6,534 square foot lot and offers off-street parking, enhancing both convenience and tenant appeal. The elevated position provides added privacy and attractive views. The asking price is $229,000, translating to $84.19 per square foot. This income-producing property offers a strong return on investment and is an ideal addition to any portfolio. The property's proximity to downtown Nelsonville, Ohio (zip code 45764) ensures easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a thriving Ohio community.
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
- Nelsonville
- County
- Athens
- State
- Ohio
- Longitude
- -82.2299
- Latitude
- 39.4618
