545 E McConnel Avenue Active Save Request In-Person Tour Request Virtual Tour
Mcconnelsville,OH 43756
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225019134
Year Built 1967
Annual Tax Amount $3,205
Lot Size 0.280 Acres
Property Sub-Type Apartment
Property Description
Great Investment Opportunity! Fully Rented, Turnkey Brick Apartment Building - 7% Cap Rate Don't miss this rare chance to own a well-maintained, income-producing property in the heart of McConnelsville! This solid brick apartment building at 545 E McConnel Ave is in excellent condition and offers three spacious, fully rented units with strong rental history and zero downtime during recent turnovers. Property Features:*Unit 1:* 2 bed / 1 bath * Unit 2:* 2 bed / 1 bath *Unit 3:* 4 bed / 2 bath - potential to convert into two separate units for increased income. On-site laundry in every unit * Generous storage throughout * Outdoor porches and upper-level balcony for added charm and tenant appeal This property has been expertly maintained and boasts steady occupancy with high demand. With a 7% cap rate, immediate cash flow, and future upside by converting Unit 3 into two apartments, this is an ideal addition to any investor's portfolio. Schedule a showing today and seize this incredible opportunity! This is the kind of rental investors look for: clean numbers, reliable tenants, and a great area. Don't miss out.
Location
State OH
County Morgan
Area 0.28
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Morgan Lsd 5801 Mog Co.
Others
Acceptable Financing Conventional
Listing Terms Conventional