REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Steven VanStone

steve@realestateofohio.com +1(614) 214-1979

$809,900

Est. payment - /mo

1.19 Acres Lot

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 226027456

Year Built 1955

Annual Tax Amount $5,693

Lot Size 1.190 Acres

Lot Dimensions 1.19

Property Sub-Type Apartment

Source Columbus and Central Ohio Regional MLS

Property Description

This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors.

Location

State OH

County Champaign

Area 1.19

Rooms

Other Rooms None

Dining Room No

Interior

Equipment No

Laundry No Laundry Rooms

Schools

High Schools Urbana Csd 1104 Cha Co.

School District Urbana Csd 1104 Cha Co.

Others

Tax ID K48-25-00-04-05-012-02

Acceptable Financing Conventional

Listing Terms Conventional

Virtual Tour https://www.propertypanorama.com/instaview/wrist/1047199#tour

Read Less Info

Listed by V. Patrick Hamilton REMAX Alliance Realty

Nearby Locations

GET MORE INFORMATION

Steven VanStone

+1(614) 214-1979

Managing Partner + REALTOR License ID: 2020005493

620-672 Hagenbuch Street Urbana, OH 43078

Steven VanStone

Key Details

Location

Rooms

Interior

Schools

Others