9
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$175,000
Est. payment /mo
6,098 Sqft Lot
Active
22 Fairlawn Avenue Glouster, OH 45732
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UPDATED:
01/17/2025 07:37 PM
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225001509
Originating Board Columbus and Central Ohio Regional MLS
Year Built 1900
Annual Tax Amount $772
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Midrise
Property Description
Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-BR units renting for $700 each and one 1-BR unit renting for $480. The property has been carefully maintained, including a complete top-to-bottom remodel of two units in 2021—everything from subflooring to light fixtures was replaced—and the addition of a new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the option to expand by purchasing the neighboring triplex at 18 North, also for sale!
Location
State OH
County Athens
Area 0.14
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Trimble Lsd 505 Ath Co.
Others
Tax ID M04-00300083-00
Listed by Allison Lee Athens Real Estate Co