255 S State Street , Marion, OH 43302

$399,900.00
  • 255 S State Street , Marion, OH 43302 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#226026615
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLMARION CITY

Property Description

Excellent investment opportunity featuring six apartment units across two buildings. The main building offers four 2-bedroom units, while the separate building includes two 1-bedroom units, providing a desirable unit mix for a variety of tenants.The property has seen numerous updates in recent years, including a new roof and renovations throughout the majority of the units. Currently, 4 of the 6 units are occupied, providing immediate rental income, while 2 vacant units offer convenient access for showings and the opportunity for a new owner to lease at current market rates. One vacant unit is move-in ready, while the other presents a value-add opportunity with cosmetic improvements.Whether you're looking to expand your portfolio or purchase your first multifamily investment, this property offers an excellent combination of current cash flow, recent improvements, and upside potential. Schedule your showing today and explore the possibilities this versatile income-producing property has to offer.

Property Features

Property Type: Multi Unit - Multiple
Lot Size: 0.16 Acres
Taxes: $2,872
Year Built: 1900

Feature Descriptions

Lot Dimensions: 0
Parcel #: 12-4020002.900
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Local Schools

School District: MARION CITY

Listed By / Shown By

Listed By

Agency Name: Generations Realty
Agent Name: Blair Rowland
Agency Phone: 740-389-5500

Shown By

Agency Title: Galbreath Real Estate
Agency Phone: 614-500-4100

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Estimated Payment

$ 2,034.48 per month $1,678.51 Principal & Interest $239.33 Property Tax $116.64 Homeowner's Insurance

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