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$949,000

7049 Montgomery Road, Silverton, OH 45236

lot
Residential Income
Built in 1900
156 days on market
MLS# 1875802

About this home

Turn-key standalone commercial building with 7 apartments and 2 retail storefronts located in the growing business district of Silverton, 1.5 miles from Kenwood Mall and I-71. Strong investment opportunity with long-term solid rental income. All units are fully leased with value-add potential for rent increases. 3- 1 bed, 3- 2 bed, 1- 3bed apartments, and 2 retail storefronts, and a full basement with coin laundry. Each unit is separately metered for gas and electricity. New Roof with transferable warranty, all windows caulked and sealed, and new flooring in common areas. 13 parking spaces with off-street parking as well. The public bus stop is across the street with a crosswalk to the building. Property is currently rented at $111,000 yr. Currently at an 8 cap with room to go higher with rent increases.

Facts & features

Property

Property Type
Residential Income
Year Built
1900

Listing details

Price
$949,000
Status
Active
Days on Market
156
MLS Number
1875802
Listing Agent
Andrew Willoughby
Brokerage
eXp Realty

Features

Style
Apartment
Basement
Full
Heating
Natural Gas, Forced Air
Cooling
Central Air
Roof
Shingle, Membrane
Sewer
Public Sewer
Water
Public

Location

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