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132 E George Street

Marion, OH 43302
  • $4,495,000
  • STATUS: Active
  • ON SITE: 112 Days
  • MLS #: 224025181
UPDATED: 29 min ago
$4,495,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

School District:

Description

Recently updated, well maintained and managed Marion, Ohio portfolio of 46 units plus a laundromat and garage. The portfolio consists of 15 unit complex (a 6 unit, a 5 unit, 2 doubles, a laundromat, and a 3000 sf storage garage) 10 additional doubles, and 11 single family homes. All properties have been updated over the past 4 years. Self managed using Tenant Cloud system for landlord and tenant processes and easy online payments. Laundry provides additional income and garage currently used as storage for owner could also be rented for extra income. All units have similar upgrades with same paint scheme, LVP flooring, etc. for ease of maintenance. 8.4% cap rate with $380,000+ NOI. Properties are in high demand with strong tenants and 97% occupancy. Great turnkey portfolio!

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© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Stars. Data last updated: 2024-11-11T07:51:50.017.
www.sammillersells.com/homes/152837502
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132 E George Street Marion, OH 43302

  • Price: $4,495,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 29 min ago
  • MLS #: 224025181
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1920
Built
County:
Marion
Area:
Marion
School District:
Marion Csd 5102 Mar Co.
Property Description
Recently updated, well maintained and managed Marion, Ohio portfolio of 46 units plus a laundromat and garage. The portfolio consists of 15 unit complex (a 6 unit, a 5 unit, 2 doubles, a laundromat, and a 3000 sf storage garage) 10 additional doubles, and 11 single family homes. All properties have been updated over the past 4 years. Self managed using Tenant Cloud system for landlord and tenant processes and easy online payments. Laundry provides additional income and garage currently used as storage for owner could also be rented for extra income. All units have similar upgrades with same paint scheme, LVP flooring, etc. for ease of maintenance. 8.4% cap rate with $380,000+ NOI. Properties are in high demand with strong tenants and 97% occupancy. Great turnkey portfolio!
Exterior Features

Construction BrickVinyl Siding Parking Type 3 Car GarageOn Street

Interior Features

Air Conditioning CentralOther Elevators 0.00 Heat Fuel Gas Heating Forced Air

Property Features

1 Bedroom Monthly Rent Per Unit 650.00 1 Bedroom Units 6 2 Bedroom Monthly Rent Per Unit 850.00 2 Bedroom Units 27 3 Bedroom Monthly Rent Per Unit 1100.00 3 Bedroom Units 13 Auction No Between Street1 George Between Street2 State Buildings 27.00 Built Prior To1978 Yes Corp Limit Per Auditor Marion Expenses Misc 22000.00 Expenses Property Insurance 23878.00 Expenses Real Estate Taxes 22238.00 Expenses Repairs And Maintenance 17996.00 Expenses Water 15974.00 For Exchange No For Sale Yes Miscellaneous BasementSecurity System Mult Parcels Sch Dis Yes Multifamily Sub Type Combination Other Monthly Rent Per Unit 1000.00 Other Units 2 Owner Pays Sewer Services Available ElectricSanitary SewerWaterStorm SewerGas Sewer Public Sewer Tax District 12 Tax Incentive No Tax Year 2023 Taxes Yearly 2719.00 Tenant Pays ElectricityGasWaterTrash Collection Township Marion Year Remodeled 2022

Listing provided courtesy of Christopher Shea of Keller Williams Consultants: (614) 932-2000.


© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Stars. Data last updated: 2024-11-11T07:51:50.017.
 
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