For Sale by Owner: Prime Investment Opportunity in Devola, Ohio! **Property Overview:** - **Location:** 2074 Masonic Park Road, Devola-Marietta, OH - **Type:** Single-Family Home - **Year Built:** 1950 - **Size:** 3 Bedrooms, 1.5 Baths - **Features:** Spacious loft with spiral staircase, full wraparound raised deck, stunning mid-Ohio Valley tree line, and Muskingum River waterfront views - **Proximity:** 10-minute drive from Marietta Memorial Hospital. **Description:** Welcome to a unique investment opportunity nestled in the serene hills of Devola, Ohio. This hidden gem boasts breathtaking views of the Muskingum River and the lush mid-Ohio Valley woodlands. The property, located on Masonic Park Road, features a full wraparound deck that provides picturesque views of the Mid-Ohio Valley as well as the waterfront Muskingum River. From the backyard, you can enjoy beautiful wooded areas where deer and other wildlife frolic, adding to the charm and tranquility of this location. Built in 1950, this home includes a new addition added in 2000, featuring a loft with a spiral staircase. This versatile space can be transformed into a separate rental unit, family recreation room, or office, enhancing the property's value and appeal. With an after-repair value appraised at $160,000, this property presents a lucrative opportunity for seasoned investors or real estate flippers looking to maximize their return on investment. **Property Details:** - **Bedrooms:** 2 - **Bathrooms:** 1.5 - **Loft Addition:** Spacious room and Includes spiral staircase, potential for separate rental, rec area, or office space. - **Deck:** Wraparound deck with stunning views of the Muskingum River and mid-Ohio Valley woods **Investment Highlights:** - **Potential ARV:** $160,000 - **Estimated Market Value Post-Repair:** $180,000 to $190,000 (Comparable properties in the area $200,000-300,000) - **Estimated Repair Cost:** $40,000 - **Estimated Labor Cost:** $20,000 **Necessary Repairs:** - Extensive drywall repairs - Full roof replacement - Complete kitchen remodel - Soffit repairs under eaves - Small flooring patches in den and full bath - Downspout replacements - Partial vinyl siding repair - General carpentry for structural areas - Several deck boards replacement - Full bathroom remodel **Structural Highlights:** - **Furnace and AC:** 92% efficient gas forced air furnace, central heat and air in good condition - **Water Heater:** Gas water heater - **Insulation:** 6-inch walls with R24 insulation - **Basement:** Structurally sound with no cracks - **Systems:** All systems are operational and in good working order - This property offers immense potential for the right investor. With the beauty of its surroundings and its promising structural foundation, it’s an ideal project for those looking to create a stunning riverside retreat. Don't miss out on this rare opportunity to invest in a home with unmatched views and boundless potential. **** Please note that in order to proceed with the viewing, prospective buyers will need to provide a proof of funds letter. Seller is not considering offers from wholesalers or creative financing options.Were specifically seeking a buyer who understands the area and the property's potential and is willing to undertake the required repairs and renovations. If interested in viewing the property or have any further inquiries, please feel free to contact Joshua at 740-538-1779.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
