Invest Smart. Live Well. Own a Turn-Key Income Producer. This well-maintained 3-unit apartment building offers an exceptional investment opportunity with built-in income and future upside. The property includes two upper 1-bedroom, 1-bath apartments that were fully remodeled in the summer of 2020. Updates included new flooring, fresh paint, completely renovated kitchens, new ranges and refrigerators, under-cabinet microwaves, updated bathrooms, new electric breaker boxes, a new meter base, and upgraded electric service. The lower unit features 2 bedrooms and 1.5 baths and underwent a complete renovation in November 2021. Major exterior improvements add long-term value and peace of mind, including new siding, lower windows, and doors installed in January 2021, followed by a metal roof and new gutters in February 2021. A shared laundry room provides individual hook-ups for all three units, adding convenience for tenants. Operating expenses include water, insurance, and taxes, contributing to an impressive 8% ROI. All three apartment units are fully occupied, and an additional main-level space with a half bath offers the potential to lease as a small office for added income. This is a rare opportunity to own a solid, cash-flowing property with flexibility for future growth-schedule your private showing today and be sure to view the floor plans to see the full potential.
Details
MLS #
964057
Listing Type
For Sale
Status
Active
Year
1970
Days On Site
87
Listing Provided By
Leis Realty Company | Dustin Leis
Features
Bed(s)
4
Bath(s)
4 Total
SQ Feet
2,400
Acreage
0.15
Taxes
Property
2014
Area Information
State
OH
County
Darke
City
Pitsburg
Zip Code
45358
Area
Darke
Community Name
Putmans Add
School District
Franklin-Monroe
Listing VS Median (in Putmans Add)
Price: $219,900
low | high
Med: $219,900
50% of Average
sqft: 2,400
low | high
Med: 2,400
50% of Average
$ / sqft: $92
low | high
Med: $92
50% of Average
On site: 87
low | high
Med: 87
100% of Average
Sourced by Back At You
MLS Number: 964057
Dustin Leis – (937) 423-0916 – dustin@leisrealty.com
Leis Realty Company – (937) 548-5750 – contact@leisrealty.com
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