4
See all 4 photos
$189,000
Est. payment /mo
6 Beds
4 Baths
1,412 SqFt
New
309 S Third St Racine, OH 45771
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Key Details
Property Type Commercial
Sub Type Apartments/Housing, Investment Property (Rental)
Listing Status Active
Purchase Type For Sale
Square Footage 1,412 sqft
Price per Sqft $133
MLS Listing ID 2435644
Bedrooms 6
Year Built 1930
Annual Tax Amount $993
Lot Size 10,890 Sqft
Property Sub-Type Apartments/Housing, Investment Property (Rental)
Property Description
INCOME-PRODUCING INVESTMENT OPPORTUNITY IN RACINE, OHIO Looking to expand your real estate investment portfolio? Take a look at this four-unit apartment building located at 309 S. Third Street in Racine, Ohio! This established rental property offers four individual apartments, providing multiple streams of rental income under one roof.The property features two 2-bedroom apartments, one 1-bedroom apartment, and one studio apartment, each with its own bathroom. Currently generating $2,425 in gross monthly rental income, or $29,100 annually, this property offers an opportunity for investors seeking an established rental investment. The building offers functional living spaces, updated electrical boxes, and opportunities for cosmetic improvements. Tenants pay their own electricity and heating expenses, while the owner covers water, sewer, and trash services. Whether you're looking to begin your investment journey or add another income-producing property to your portfolio, this four-unit rental property is worth a look!
Location
State OH
County Meigs
Zoning Commercial, Multi-Family
Interior
Interior Features Flooring- Laminate, Flooring- Concrete
Heating Other, Wall Heater
Cooling Window Unit
Exterior
Utilities Available Water: City/Public, Internet-Wireless, Natural Gas, Sewer: Municipal, Contact Utility Company, Power: AEP
Roof Type Architectural Shingle
Building
Foundation Concrete Block
Structure Type Concrete Block, Unknown/Other
Listed by Cleland Realty inc.
NEARBY SCHOOL & BUSINESS
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