885 Mount Vernon Ave Marion, OH 43302
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 885 Mount Vernon Ave
- Year built
- 1907
- Property type
- Small apartment buildings
Description
This charming two-unit apartment building, located at 885 Mt Vernon Avenue in Marion, Ohio, presents a fantastic investment opportunity. Built in 1907 and situated on a 7,405.2 square foot lot, this property offers two units, each featuring two bedrooms and one bathroom. The asking price is $215,000, translating to $100.28 per square foot. Both units are currently rented on a month-to-month basis, with tenants expressing a desire to remain. Importantly, current rental rates are below market value, providing immediate potential for increased income. The property boasts significant recent upgrades, including a new roof and HVAC system installed in 2018. Tenants are responsible for all utilities. Showings are readily available within 24 hours of an accepted offer. This property offers a blend of historical charm and modern updates, making it an attractive investment for both seasoned and novice investors seeking strong returns in a desirable Ohio location. The property's zip code is 43302.
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
- -83.1098691
- Latitude
- 40.5807055
