532 E High Avenue

Description

Apartment Complex! Investment opportunity with 15 units near Mary Rutan Park. Nine of the units are townhouse-style and the remaining six units are ranch-style. Each Townhouse apartment consists of 1210 sqft with 2 BR, 1.5 BA, and washer/dryer hookup in the full bath; all bedrooms and full bath are on the second floor plus each have a patio and owner provides a dumpster; most of the water heaters have been updated. Each ranch apartment consists of 1008 sqft with 2 BR, 1 BA, and a utility room featuring a washer/dryer hook-up; some have decks and some have patios. The ranch units have updates including: 3 furnaces, 6 AC units and some new water heaters; tenants pay all utilities and owner provides a dumpster. 529-533 E Brown have seller-owned AC units (six total ACs) and on these units tenants pay water, sewer, trash and electric. There are ample parking spaces around this property including a 50x99' parking lot off High Street for two of the buildings and 1-2 spots per unit at the other buildings: 24+/- spots total. Several tenants have a long rent history, and 13 of the 15 units are month-to-month leases. Gross Monthly Rent is $11,870 and there is a total of $11,370 in security deposits. There is road frontage on both High Ave and Brown Ave totaling 345' and the property features 1.289 acres of land. Zoned R3. No showings until the Open House on 06/13/2023 from 4:00PM-5:00PM. Addresses included: 521-525 E Brown Ave, 529-533 E Brown Ave, and 530-540 E High Ave; Bellefontaine, OH 43311. Curb-side Offers may be presented prior to the open house.