803 Chestnut St Mount Vernon, OH 43050
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 803 Chestnut St
- Year built
- 1900
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a three-unit apartment building located at 803 W Chestnut Street, Mount Vernon, Ohio, 43050. Built in 1900, this property sits on a generous 8,712 square foot lot and is offered at an asking price of $170,000. The building comprises three one-bedroom, one-bathroom units, each generating consistent rental income. Current monthly rents are $500, $550, and $575, respectively, providing a strong cash flow potential for the new owner. The property's price per square foot is $82.05. The owner currently covers water, sewer, and trash expenses. This multifamily property presents a compelling investment opportunity in a desirable location within Mount Vernon, offering a blend of historical charm and solid financial returns. The property's size and unit configuration make it an ideal addition to any investment portfolio, providing a stable income stream and potential for future appreciation. The location in Knox County offers easy access to local amenities and transportation. This is a turnkey investment ready for immediate income generation. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Knox
- State
- Ohio
- Longitude
- -82.4957277
- Latitude
- 40.3952606
