45
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$596,900
Est. payment /mo
0.51 Acres Lot
Active
1863 Cherry Valley Road Newark, OH 43055
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225043582
Year Built 1969
Annual Tax Amount $5,742
Lot Size 0.510 Acres
Lot Dimensions 0.51
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
Six apartments and a storefront located on Cherry Valley Rd. The 6 apartments are currently renting for a total of GMR $5700. Each renter pays for water, gas, and electric. All units are metered separately. Four of the units are two bedroom and two are one bedroom. The store-front is currently vacant, but owner accepted a 5 yr lease that starts 1 Jan 2026. Total GMR will be approximately $6400 per month when fully rented. New roof in 2020. Curb Offers required for showings of apartments as not to disturb renters. Store front available for showings until lease begins.
Location
State OH
County Licking
Area 0.51
Zoning Commerical
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Exterior
Parking Features Common
Schools
High Schools Newark Csd 4507 Lic Co.
School District Newark Csd 4507 Lic Co.
Others
Tax ID 054-219936-00.000
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Robert M Panian e-Merge Real Estate
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