Apartment Complex! Investment opportunity with 15 units near Mary Rutan Park. Nine of the units are townhouse-style and the remaining six units are ranch-style. Each Townhouse apartment consists of 1210 sqft with 2 BR, 1.5 BA, and washer/dryer hookup in the full bath; all bedrooms and full bath are on the second floor plus each have a patio and owner provides a dumpster; most of the water heaters have been updated. Each ranch apartment consists of 1008 sqft with 2 BR, 1 BA, and a utility room featuring a washer/dryer hook-up; some have decks and some have patios. The ranch units have updates including: 3 furnaces, 6 AC units and some new water heaters; tenants pay all utilities and owner provides a dumpster. 529-533 E Brown have seller-owned AC units (six total ACs) and on these units tenants pay water, sewer, trash and electric. There are ample parking spaces around this property including a 50x99' parking lot off High Street for two of the buildings and 1-2 spots per unit at the other buildings: 24+/- spots total. Several tenants have a long rent history, and 13 of the 15 units are month-to-month leases. Gross Monthly Rent is $11,870 and there is a total of $11,370 in security deposits. There is road frontage on both High Ave and Brown Ave totaling 345' and the property features 1.289 acres of land. Zoned R3. Addresses included: 521-525 E Brown Ave, 529-533 E Brown Ave, and 530-540 E High Ave; Bellefontaine, OH 43311.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
