246 E Market St, Xenia, OH 45385

UPDATED 5/8/24 INFORMATION: Located in the Carnegie Historic District of Xenia, this gorgeous 7663 SF (Greene CO. Auditor), Italianate-style brick structure was built by James B Monroe in 1864. Zoned R3 for multi-family or single family residence, many classic features remain today, including a winding staircase with a solid wood banister that goes all the way up to the floored attic, stunning wood baseboards and doors, many with transoms, ornate fireplaces (not warranted), built-in cupboards/drawers, amazing 19th century window trim, high ceilings, and hardwood floors. Recent updates include 5 new water lines (need connected at the main), newer roof, electric panels, sewer line, gas line, & water heaters. Rehab continues, but the seller is ready to move on. The property is being SOLD AS IS with NO REPAIRS & NO UPDATES. Although the listing says 6 bedrooms/6 baths, that is the POTENTIAL. Four of the apartments have two huge rooms each, but the kitchens and bathrooms are only started. The floored attic, though somewhat framed for a studio, would still be considered an attic and additional egress would be required. The attic windows are new sliding vinyl windows with screens. There is a finished apartment in the rear of the building that is currently occupied. That apartment is on a m/m lease at $500 per month. Tenants pay all utilities. Total income potential is reserved for the forward-thinking investor. HISTORIC NOTE: Construction of the current building was begun before the Civil War and then halted until the war was nearly over. Before that, the original structure (since demolished) was used as an Underground Railroad Safehouse. The structure is not on any historic registry, so updates may be made to the interior. However, because it is in the Carnegie Historic District, changes to the exterior facade need city planner approval. This is a must see investment opportunity! Bring your creative imagination and plan your next lucrative income stream.