Technical
Financial
Distress signals
Property profile

708 Chestnut St Mount Vernon, OH 43050

OFF-MARKET
Apartment buildings
Built 1900
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This charming two-unit apartment building located at 708 W Chestnut Street in Mount Vernon, Ohio, presents a fantastic investment opportunity. Built in 1900, this property sits on a 6,534 square foot lot and is offered at $140,000, translating to $89.86 per square foot. The building consists of two distinct units: an upper unit featuring one bedroom and one bathroom, currently renting for $650 per month; and a lower unit with two bedrooms and one bathroom, commanding a monthly rent of $800. This translates to a strong potential rental income stream. The property's address is 708 W Chestnut Street, Mount Vernon, OH 43050. The property is classified as a duplex/triplex/quadruplex and is an excellent addition to any investor's portfolio. This is a rare opportunity to acquire a well-located, income-producing property in a desirable area. The property's age suggests potential for future value appreciation through renovations or upgrades. Serious inquiries are encouraged to explore this promising investment further. The property is conveniently located in Knox County, Ohio.

Property profile

Verified
Property type Apartment buildings
Year built 1900

Cap rate & NOI

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

Location

708 Chestnut St Mount Vernon, OH 43050
Mount Vernon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 708 Chestnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message