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   17
For Sale property id: 77861087
USD 299,000
545 E Mcconnel Avenue, McConnelsville, Ohio, United States
  • 8 bedrooms
  • 4 bathrooms
  • 306.580032 m²
  • Completion Year
    1967

Description

Great Investment Opportunity! Fully Rented, Turnkey Brick Apartment Building - 7.66% % CAP Rate Don t miss this rare chance to own a well-maintained, income-producing property in the heart of McConnelsville! This solid brick apartment building, located at 545 E. McConnell Ave., is in excellent condition and offers three spacious, fully rented units with a strong rental history and zero downtime during recent turnovers. **Property Features:** * **Unit 1:** 2 bed / 1 bath * **Unit 2:** 2 bed / 1 bath * **Unit 3:** 4 bed / 2 bath - *potential to convert into two separate units for increased income* * On-site laundry in every unit * Generous storage throughout * Outdoor porches and upper-level balcony for added charm and tenant appeal This property has been expertly maintained and boasts steady occupancy with high demand. With a 7.66% CAP rate, immediate cash flow, and future upside by converting Unit 3 into two apartments, this is an ideal addition to any investor s portfolio. Schedule a showing today and seize this incredible opportunity! This is the kind of rental investors look for: clean numbers, reliable tenants, and a great area. Don t miss out.

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