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Property profile & analytics
OFF-MARKET
Apartment buildings

1727 State Route 257 Delaware, OH 43015

Built 1953
Property ID
US66-1257571
Property summary
AI-generated overview

This exceptional investment opportunity presents a meticulously renovated duplex situated on a spacious 1.3-acre lot in desirable Delaware, Ohio. The property, located at 1727 State Route 257 S, boasts two units, each featuring two bedrooms and one bathroom. A complete renovation in 2021 ensures modern appeal and functionality. Each unit includes an updated galley kitchen equipped with a range and microwave. Individual electric meters provide efficient utility management, while mini-splits and ceiling radiant heat offer comfortable climate control. On-demand hot water systems further enhance convenience. Tenants are responsible for electricity, cable, phone, and trash services. The property utilizes a shared well water system, although Delaware County Water is readily available at the street. Adding to the property's appeal is a charming paver patio at the rear and a detached two-car garage. Built in 1953, this property offers a blend of classic charm and modern updates, making it an attractive option for renters. Currently operating at 50% occupancy, this duplex presents a significant opportunity for increased revenue. The asking price is $384,000, with a price per square foot of $235.29. The lot size is a substantial 56,628 square feet. This property is conveniently located minutes from the heart of Delaware, offering easy access to amenities and transportation. Don't miss this chance to acquire a well-maintained, high-potential investment property in a thriving Ohio market.

Property profile
Verified
Property type Apartment buildings
Year built 1953
UPID US66-1257571
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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