1727 State Route 257 Delaware, OH 43015

Property Details for 1727 State Route 257

Year built

1953

Property type

Small apartment buildings

Description

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.