12
See all 12 photos
$165,000
Est. payment /mo
6,098 Sqft Lot
New
18 North Avenue Glouster, OH 45732
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
01/17/2025 07:32 PM
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225001507
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1950
Annual Tax Amount $640
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Description
Fantastic investment opportunity in Glouster, Ohio! This fully occupied triplex features a strong rental income of $2,150 per month, with unit rents of $650, $700, and $800. The property has been profitable every year and boasts extensive capital improvements over the last three years, including a brand-new deck, updated interiors (new carpet, bathroom fixtures, windows, and more), with over $18,000 invested in upgrades. So far in 2024, the property has generated $14,097 in income with a 37% profit margin. A rare chance to own a cash-flowing asset with solid returns, featuring stable occupancy, low maintenance due to recent upgrades, and the added opportunity to expand your investment portfolio with the neighboring property at 22 Fairlawn also for sale!
Location
State OH
County Athens
Area 0.14
Rooms
Dining Room No
Interior
Heating Forced Air, Oil
Cooling Window
Equipment No
Schools
High Schools Trimble Lsd 505 Ath Co.
Others
Tax ID M04-00300084-00
Listed by Allison Lee Athens Real Estate Co