295 N State Street Active

Marion,OH 43302

$ 2850000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Combination

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224041409

Year Built 1920

Lot Size 10,890 Sqft

Property 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.

Location

State OH

County Marion

Area 0.25

Rooms

Dining Room No

Interior

Heating Forced Air

Cooling Central,Other

Equipment No

Exterior

Parking Features On Street,Common Area

Schools

High Schools Marion Csd 5102 Mar Co.

View More
Favorite Go Tour