708 Chestnut St Mount Vernon, OH 43050
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 708 Chestnut St
- Year built
- 1900
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
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.
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
- -82.4951
- Latitude
- 40.3948
