$79,900
Est. payment /mo
6,534 Sqft Lot
Active
640 Jefferson Street Greenfield, OH 45123
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226011063
Year Built 1920
Annual Tax Amount $1,494
Lot Size 6,534 Sqft
Lot Dimensions 0.15
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Opportunity knocks in Greenfield--this 3-unit property offers immediate upside at an attractive price point. One unit is nearly rent-ready, while the other two need light cosmetic improvements, making this an ideal value-add for investors looking to build equity and cash flow quickly.
Market rents support ~$600/month per unit, positioning the property for approximately $1,800/month ($21,600 annually) once stabilized. With conservative expenses, this asset has the potential to perform in the mid-to-high teens cap rate range.
Low entry, strong rent potential, and a clear path to stabilization--this is a solid addition to any portfolio.
Market rents support ~$600/month per unit, positioning the property for approximately $1,800/month ($21,600 annually) once stabilized. With conservative expenses, this asset has the potential to perform in the mid-to-high teens cap rate range.
Low entry, strong rent potential, and a clear path to stabilization--this is a solid addition to any portfolio.
Location
State OH
County Highland
Area 0.15
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Greenfield Evsd 3603 Hig Co.
School District Greenfield Evsd 3603 Hig Co.
Others
Tax ID 27-15-001-169.00
Listed by Ginson D Speich Keller Williams Greater Cols
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