295 N State Street , Marion, OH 43302
Marion, OH 43302
Description
Incredible opportunity to own a 35 unit cash flowing portfolio in Marion, Ohio. Consists of a 15 unit complex complete with a laundry facility and a 3000sf garage/office, as well as 10 doubles in close proximity allowing for efficient property management. All units have been updated over time by owners and rents are at market rates making this a true turnkey opportunity with a current 9.5% cap rate! The owners self manage and would assist new owners with transfer of their online management system through Tenant Cloud. This group must be purchased together and not split apart but could also be purchased with an additional 11 single family homes for a 46 unit portfolio. See MLS #224025181 for details. This is a great opportunity to scale up your rental portfolio or utilize a 1031x.
Details
| Mls | 224041409 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 20 |
| Listing Provided By | Keller Williams Consultants | Christopher M Shea |
Features
| Units | 35 |
|---|---|
| Buildings | 17 |
| Acreage | 0.25 |
Market Activity 43302
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Learn More About This Property
| State | OH |
|---|---|
| County | Marion |
| City | Marion |
| Zip Code | 43302 |
| School District | MARION CSD 5102 MAR CO. |
| Listing VS Median (in 43302) | |
Price: $2,850,000 low | high Med: $179,900 On Site: 20 low | high Med: 5.000000 | |