Technical
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Property profile

7164 State Route 188 Circleville, OH 43113

OFF-MARKET
Apartment buildings
Property ID
US66-1942869
Built 1971
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Year built 1971
UPID US66-1942869

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7164 State Route 188 Circleville, OH 43113
Circleville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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