Property Details for 7164 State Route 188

Year built

1971

Property type

Small apartment buildings

Description

This exceptional eight-unit apartment building, located at 7164 State Route 188 in Circleville, Ohio, presents a compelling investment opportunity. Built in 1971, the property sits on a substantial 60,548.4 square foot lot, offering ample space and potential for future development or expansion. The asking price is $885,000, translating to a price per square foot of $146.72. The property is classified as a multifamily building, specifically an apartment building categorized as a duplex/triplex/quadruplex. This suggests a configuration that may include a mix of unit sizes and layouts, catering to a diverse range of tenants. The property's location in Circleville, Pickaway County, Ohio, zip code 43113, provides convenient access to local amenities and services. The property's age suggests potential for future renovations or upgrades to enhance rental income and property value. With eight units, this property offers a solid foundation for generating consistent rental income. Further due diligence is recommended to fully assess the property's financial performance and potential return on investment. This is a rare opportunity to acquire a well-situated multifamily property in a growing market. The substantial lot size adds to the property's long-term value and potential for future development.

Location Insight

City

Circleville

County

Pickaway

State

Ohio

Longitude

-82.8909995

Latitude

39.6437244