40 Stimson Ave Athens, OH 45701
This exceptional mixed-use property at 40 E Stimson Avenue in Athens, Ohio presents a compelling investment opportunity. The building boasts a total of 1,624 square feet situated on a 0.14-acre lot. The ground floor features a newly remodeled office space, ideal for a variety of professional uses. Its prime location and updated amenities offer significant potential for rental income or owner-occupancy. Upstairs, a comfortable two-bedroom apartment provides additional income potential, perfect for an owner-occupant or as a separate rental unit. The property includes a significant advantage: ample off-street parking. Newly striped, the parking area offers twelve designated spaces, providing a valuable amenity for tenants and generating additional rental income. This turnkey investment property combines the benefits of a well-maintained office space with the income potential of a residential unit, all within a highly desirable location. The combination of office and residential space, along with the substantial parking, makes this a rare find in the Athens market. The recent renovations ensure immediate occupancy and minimal upfront investment. This property is priced at $349,000 and represents a strong return on investment.
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Freedom Property Group | Rise Realty Co. Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.