419 Spg St 19 Piqua, OH 45356-2335
This exceptional mixed-use property, located at 419 Spring Street in Piqua, Ohio, presents a compelling investment opportunity. The building comprises two units: a remodeled two-bedroom first-floor apartment currently renting for $935 per month, and a second-floor unit renting for $600 per month. Both units are fully occupied, generating consistent rental income. Recent improvements to the first-floor unit include a complete remodel, featuring a new deck and back porch, a new shower surround, fresh paint, and updated flooring. The property's sewer drain underwent professional repair, with a liner installed by CPR Pipes to address hairline cracks discovered during a previous inspection. This well-maintained building is conveniently situated within easy reach of downtown Piqua, offering tenants convenient access to local amenities and businesses. The asking price for this attractive investment is $149,000. The property is classified as multifamily, office, and mixed-use, encompassing apartment building, traditional office, and creative office subtypes. This presents a versatile opportunity for investors seeking a blend of residential and commercial income streams in a thriving Ohio community. The property's zip code is 45356, and it's located in Miami County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.