Property Details for 356 Union St

Year built

1971

Property type

Small apartment buildings

Description

This exceptional multifamily investment opportunity in Delaware, Ohio, presents a compelling chance to acquire a six-unit apartment complex situated on a 6,969.6 square foot lot. The property, comprised of three separate buildings, offers a mix of unit styles. Two buildings are two-unit townhomes, each featuring two bedrooms and one and a half bathrooms. The third building is a two-unit ranch-style structure, with each unit boasting two bedrooms, one bathroom, and a full basement. All six units are currently 100% occupied, providing immediate cash flow. The property is conveniently located within walking distance of historic Downtown Delaware, highly-rated city schools, local parks, Ohio Wesleyan University, and a vibrant selection of restaurants and boutiques. Shared driveway access is available for two of the buildings, with ample rear parking, supplemented by on-street parking for the third building. Each unit includes washer/dryer hookups. While some cosmetic updates may be considered, the buildings are structurally sound and well-maintained. The asking price is $275,000, translating to $147.06 per square foot. The property is also known as 346 N. Union St, 352 N. Union St, and 356 N. Union St. Please note that tenants should not be disturbed. This is a truly remarkable opportunity for investors seeking a strong return in a desirable location.

Location Insight

City

Delaware

County

Delaware

State

Ohio

Longitude

-83.0648034

Latitude

40.3091652