Remarks

Attention Investors - 27-Unit Apartment Complex - 3 Buildings on 5 Acres - Potential Gross Income $300,000 - Union Twp., Muskingum County, East Muskingum LSD. Live Auction with Online Bidding Available on Real Estate. Sells on location. ONLINE BIDDING BEGINS MONDAY, JUNE 24, 2024 – 12:00 PM and AUCTION LIVE ON-SITE BIDDING WILL BEGIN THURSDAY, JUNE 27, 2024, 12:00 PM. Real Estate: Exciting opportunity! 3 building apartment complexes on 5 acres. Great income potential. Sellers have owned for 23 years and are ready to retire. Many long-term tenants. Currently, 100% occupied with a waitlist. All buildings are 2-story brick with outside entry and paved parking lot. Buildings consist of - 175 Friendship Dr. (West Bldg.): 11 total units. (4) 2-story townhouses with 2 bedrooms and one and a half baths. (6) two-bedroom, one-bathroom apartments. Lower-level features coin-laundry/utility room and one bed, one bath apartment - 175 Friendship Dr. (East Bldg.): 8 total units featuring 2 bedrooms, 1 bath, large living room, dining area, and galley kitchen in each one. The lower level features a utility room with loads of storage space - 12 Friendship Dr. (South Bldg.): 8 total units all featuring 2 bedrooms, 1 bath, a dine-in kitchen, and a large living room. The lower level includes a coin-op laundry and maintenance room. All tenants MTM. Townhouses rent for $840, and two-bedroom units rent for $740, making gross rents over $240,000 per year with room to grow. The owner pays water/sewer, trash, and cable. Tenants pay electric, all units have separate meters. This property is a cash cow with much to offer! Muskingum parcel #66270622000, #66270620000, #66270623000. Half-year taxes are $8,385.

Details

MLS#: 5043473
Price: $0

Style: Apartment
Sq Ft: 0
Year Built: 1969

County: Muskingum
Tax Fee: 16770

School District: East Muskingum LSD - 6001