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Property profile & analytics
OFF-MARKET
Small apartment buildings

8538 Royalton Rd Lancaster, OH 43130

Built 2013
Property ID
US66-2045863
Property summary
AI-generated overview

This exceptional investment opportunity presents a 2-unit duplex located at 8538 Royalton Road SW in Lancaster, Ohio, 43130. Built in 2013, this property boasts approximately 1300 square feet per unit, each featuring 2 bedrooms and 1 bathroom. The duplex includes a full front porch and a substantial detached 2-story garage measuring 38 feet by 48 feet, offering ample storage or potential for additional development. Currently configured as a duplex, the property is zoned for a 3-family dwelling, presenting future expansion possibilities. Each unit is independently leased, with leases extending well into 2025, generating a gross monthly rental income of $2650. Existing leases and security deposits transfer to the buyer at closing. The property sits on a large 33,541.2 square foot lot and utilizes a private well and septic system. Seller is responsible for trash removal

Property profile
Verified
Property type Small apartment buildings
Year built 2013
UPID US66-2045863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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