708 Chestnut St, Mount Vernon, OH 43050
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.