41059 Park Road |
Excellent investment opportunity with this 8-unit apartment complex situated on 3.1 acres and consisting of two\r\nduplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new\r\nstainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all\r\nbuildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate\r\nadditional income, plus a storage building that could also be rented for extra revenue. One of the duplexes\r\ncurrently has below-market rent, offering immediate upside potential by updating the units to match the others\r\nand increasing rental rates. 1.44 acres of vacant land provides room for future development or additional\r\nincome-producing structures. With strong occupancy history and a convenient location just 20 minutes from\r\nAthens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether\r\nyou\u0027re a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add\r\nopportunities, and room to grow. MLSNow 5174474 Directions to property: From Athens, Ohio, take the US-33E/US-50W/OH-32W Ramp to Pomeroy/Chillicothe. Merge onto\r\nOH-32W/US-33E/US-50W. Take US-33/E exit towards Pomeroy/Ravenswood. Turn right onto US-33 ALT W (signs\r\nfor OH-681). Turn left onto US-33 ALT W. Turn left onto Old US Route 33. Turn left onto Park Rd. Turn right to stay\r\non Park Rd, and the apartment complexes will be on your right.
Information deemed reliable but not guaranteed. Zid Realty & Associates is a member of the National Association of REALTORS® Equal Housing Opportunity