121 E Highland Avenue, Ravenna, OH 44266
- $220,000
- 5
- BD
- 4
- BA
- 3,306
- SqFt
- Sold Price
- $220,000
- List Price
- $239,900
- Status
- CLOSED
- Days on Market
- 65
- Closing Date
- Feb 20, 2025
- MLS#
- 5090604
- Subtype
- Residential Income
- Year Built
- 1926
- Bedrooms
- 5
- Bathrooms
- 4
- Full Baths
- 3
- Half Baths
- 1
- Living Area
- 3,306
- Acres
- 0.31
- MLS Area Major
- Ravenna
Property Description
This 3-unit investment property in Ravenna presents an incredible opportunity for steady rental income with significant upside potential. The property is in excellent condition, with all major mechanicals updated in recent years, including the roof, windows, wiring, water heaters, and furnace—providing peace of mind and minimizing future maintenance costs. Neat and well-maintained, each unit is currently fully rented with one-year leases in place, ensuring immediate cash flow. Best of all, the current rental rates are significantly below market value, offering an attractive opportunity for future rent increases and maximizing your investment return. Don't miss out on this rare find!
Additional Information
- Taxes
- $2,682
- Heating
- Baseboard, Electric, Forced Air, Gas
- Air Conditioning
- None
- Stories
- 3
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Detached, Garage, Unpaved
- Garage Spaces
- 3
- School District
- Ravenna CSD - 6706
Listing Courtesy of: Shirley Ryan, TarterRealty@aol.com With Tarter Realty
Selling Office: RE/MAX Pathway.Mortgage Calculator
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