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$1,225,000 Sold
497 Old Boston Road, Batavia Twp, OH 45103
About this home
Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.
Facts & features
Interior
- Square Feet
- 19,260
Property
- Property Type
- Residential Income
- Year Built
- 1970
- Lot Size
- 1.25 acres
Listing details
- Price
- $1,225,000
- Status
- Sold
- Days on Market
- 4
- MLS Number
- 1822853
- Listing Agent
- Jon DeCurtins
- Brokerage
- ERA REAL Solutions Realty, LLC
Features
- Style
- Apartment
- Garage Spaces
- 40
- Heating
- Electric, Forced Air
- Cooling
- Central Air
- Roof
- Shingle, Membrane
- Sewer
- Public Sewer
- Water
- Public
Location
Batavia Twp, OH 45103
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