Active
  • $169,900

    22 Fairlawn Ave, Glouster, OH 45732

    3beds
    3baths
    --sqft
    : 
    Multi Family, Multi-Family Units, Investment Property (Rental), Triplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Prime investment opportunity in Glouster, Ohio! Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-bedroom units renting for $700 each and one 1-bedroom unit renting for $480. The property has been meticulously maintained, including a complete top to bottom remodel of two units in 2021-everything from subflooring to light fixtures was replaced-and the addition of a brand-new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the added option to expand your portfolio by purchasing the neighboring triplex at 18 North, also for sale!
    64 days
    on Zillow
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    153
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    7
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