3.1 Acres Lot
3.1 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 5174474
HOA Y/N No
Year Built 1980
Annual Tax Amount $2,744
Tax Year 2024
Contingent Appraisal,Inspections
Lot Size 3.102 Acres
Acres 3.102
Property Sub-Type Apartment
Property Description
duplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new
stainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all
buildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate
additional income, plus a storage building that could also be rented for extra revenue. One of the duplexes
currently has below-market rent, offering immediate upside potential by updating the units to match the others
and increasing rental rates. 1.44 acres of vacant land provides room for future development or additional
income-producing structures. With strong occupancy history and a convenient location just 20 minutes from
Athens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether
you're a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add
opportunities, and room to grow.
Location
State OH
County Meigs
Interior
Heating Baseboard, Electric, Forced Air, Heat Pump
Cooling Heat Pump, Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Concrete, Parking Pad
Fence None
Water Access Desc Public
Roof Type Metal
Present Use Multi-Family
Building
Sewer Septic Tank
Water Public
Schools
School District Meigs Lsd - 5302
Others
Tax ID 0100135000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "