Remarks

Located on the Otterbein University Campus, home of the Tau Epsilon Mu (TEM) Sorority for approximately 60 years. 11 bedrooms (3 on main floor, 8 Up); 3 Full baths (1 on main floor and 2 Up); 3 Living/Community Spaces, Eat-in Kitchen with a Refrigerator Room, 2 car attached garage with attic storage, House Attic Storage and Cellar. Covered Front Porch and Side Entrance. Sorority owns all appliances, including washer & dryer, and pays all utilities. Landlord cuts grass. NOI is based on current rents and taxes & insurance. Current 5-year lease ends 8/31/2026. Current rent is 8/31/2025 is $61,398. Annual Rent until 8/31/2026 is $62,556. Partial Roof Replacement (2022); Tankless Water Heater (2021), 200-AMP Electrical Panel (2020). Gas Ignited Water Boiler for Heat. Window A/C.

Details

MLS#: 225009635
Price: $625,000

Style: Other Com
Sq Ft: 4568
Year Built: 1870

Subdivision: Otterbein University Campus
Tax Fee: 9942.2199999999993