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$1,225,000 Sold

497 Old Boston Road, Batavia Twp, OH 45103

19,260 sqft
Residential Income
Built in 1970
1.25 acres
4 days on market
MLS# 1822853
$64/sqft

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

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