8538 Royalton Rd Lancaster, OH 43130
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 8538 Royalton Rd
- Year built
- 2013
- Property type
- Small apartment buildings
Description
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
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
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.7638078
- Latitude
- 39.7285874
