497 Old Boston Road
Batavia, OH 45103
19260 sqft | 1.25 acres | #1822853
Description
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.
Property Details
- HeatingElectric, Forced Air
- RoofShingle, Membrane
- School DistrictBatavia Local SD
- InteriorStorage Area
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Structure TypeApartment 5+
- CoolingCentral Air
- Cooling FeaturesCentral Air
- Parcel Number060226.043.
- Original List Price$1,390,000
- Property SubtypeApartment
- CountyClermont
- Exterior FeaturesBalcony
- Exterior MaterialsBalcony
- Parking FeaturesAsphalt
- MLS #1822853
- Cost1390000
- MLS #1822853
- FoundationPoured
- Utility SourcePublic
- Square Feet19260
- Acres1.25
- Year Built1970
- Parking Spaces40
- Stories2
Location
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Last Updated: . Source: CINCIMLS
Listing Courtesy
Listing Agent: Jon A DeCurtins (#270128)
Listing Office: ERA REAL Solutions Realty, LLC (#RSRE03)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
