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    Apartment buildings

    708 Chestnut St, Mount Vernon, OH 43050

    Built 1900
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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