Check out this 4-unit investment property situated on a corner lot on North Main Street in Urbana. All units are rented and brings in $2,260 per month in rental income. Each tenant pays for the utility costs, except the water. The owner pays the water bill which averages $90 per month. Apt A is a first-floor unit with 1 bedroom, 1 bath, gas furnace, washer & dryer hook up and rents for $475.00 per month with a $475.00 deposit. Apt B is a first-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $675.00 with a $675.00 deposit. Apt C is a second-floor unit with 2 bedrooms, 1 bath, gas furnace and rents for $525.00 per month with a $525.00 deposit. The last unit is a first-floor studio with a full bath, electric baseboard heat, washer and dryer hook up (washer and dryer stay) and this unit rents for $585.00 per month with a $585.00 deposit. The range and refrigerator in each unit conveys with the property. Owner pays for trash pick up at a cost of $83.00 monthly. The brick apartment building has a covered front porch and off-street parking. Looking for an investment property to add to your portfolio or just starting out, be sure to check this one out.
Off market
$228,500
763 N Main St, Urbana, OH 43078
5beds
3,262sqft
MultiFamily
Built in 1900
-- sqft lot
$228,500 Zestimate®
$70/sqft
$1,175 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,262 sqft
Property
Features
- Exterior features: Stone
Lot
- Size: 0.45 Acres
Details
- Parcel number: K482511033808500
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Materials
- Foundation: Crawl/Raised
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Urbana