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Property profile

269 New St Mount Sterling, OH 43143

OFF-MARKET
Apartment buildings
Property ID
US66-1614224
Built 1930
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Property summary

AI-generated overview

This charming two-unit apartment building, located at 269 New Street in Mount Sterling, Ohio, presents a compelling investment opportunity. Built in 1930, this property sits on a sizable 7,405.2 square foot lot and offers a total of two units, each featuring two bedrooms and one bathroom. The asking price is $190,000, translating to a price per square foot of $111.37. Currently, the units are occupied by month-to-month tenants with no formal leases in place, providing flexibility for the new owner. This property is ideal for both seasoned investors looking to expand their portfolio and first-time investors seeking a house hack opportunity. The property's location in Mount Sterling, Madison County, Ohio (zip code 43143) offers convenient access to local amenities and services. The property's age and size present a unique opportunity for renovation and value enhancement, allowing for potential increased rental income. This is a rare chance to acquire a well-situated multifamily property in a desirable Ohio location. The property's current status offers immediate income potential and the possibility for long-term growth. Serious inquiries are encouraged.

Property profile

Verified
Property type Apartment buildings
Year built 1930
UPID US66-1614224

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

269 New St Mount Sterling, OH 43143
Mount Sterling metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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