45445 US Highway 20, Oberlin, OH 44074

$700,000

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List Price
$700,000
Status
ACTIVE
Days on Market
24
MLS#
5225081
Subtype
Commercial Sale
Year Built
1954
Acres
3.25
Subdivision
Pittsfield
Neighborhood
Pittsfield
MLS Area Major
Pittsfield Twp

Property Description

Rare opportunity to expand your real estate investment portfolio! This exceptional income-producing property features 14 total rental units situated on 3.25 acres with convenient access from Kipton Nickel Diagonal Road, and U.S. Route 20. The property includes 10 residential units, each offering 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that will remain with the property. The metal roof was replaced approximately three years ago. Also included is a 72' x 162' outbuilding with concrete floors, currently occupied by an established mechanic's business, providing additional commercial rental income. Above the outbuilding are 4 additional apartment units, further enhancing the property's revenue potential. This is a 100% occupied investment, with all residential units and the commercial space currently leased, providing immediate cash flow from day one. This well-maintained, fully leased property offers multiple income streams and outstanding long-term investment potential. Showings require a fully executed purchase contract and a minimum of 48 hours' notice.

Additional Information

Taxes
$11,594
Zoning
Commercial
Heating
Forced Air, Gas
Air Conditioning
None
Roof
Metal
Foundation
Slab
School District
Oberlin CSD - 4712

Listing Courtesy of: Janet L Sprecher, janetsprechersold@gmail.com With RE/MAX Transitions

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