64 Eaton St Delaware, OH 43015
This classic Delaware duplex, located at 64 Eaton Street, presents a fantastic investment opportunity. Built in 1973 and extensively renovated in 2023, this property boasts two units, each currently rented at 100% occupancy. The property sits on a generous 9,583.2 square foot lot, offering ample space and potential. Unit #1 features two bedrooms and one bathroom, renting for $1,000 per month, while Unit #2 also offers two bedrooms and one bathroom, renting for $900 per month. The asking price is $284,900, translating to $157.75 per square foot. All units are equipped with kitchen appliances provided by the owner; tenants are responsible for all utilities. Recent upgrades include updated light fixtures, flooring, countertops, cabinets, water heaters, and plumbing. The property's convenient location near Ohio Wesleyan University and downtown Delaware ensures strong rental demand. This is an exceptional opportunity to acquire a well-maintained, high-performing multifamily property in a desirable Ohio location. The property's strong rental income and recent renovations make it an attractive investment for both seasoned and new investors.
Cap rate
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AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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