108 S Jefferson Street
Property Description
Invest Smart. Live Well. Own a Turn-Key Income Producer. This well-maintained 3-unit apartment building offers an exceptional investment opportunity with built-in income and future upside. The property includes two upper 1-bedroom, 1-bath apartments that were fully remodeled in the summer of 2020. Updates included new flooring, fresh paint, completely renovated kitchens, new ranges and refrigerators, under-cabinet microwaves, updated bathrooms, new electric breaker boxes, a new meter base, and upgraded electric service. The lower unit features 2 bedrooms and 1.5 baths and underwent a complete renovation in November 2021. Major exterior improvements add long-term value and peace of mind, including new siding, lower windows, and doors installed in January 2021, followed by a metal roof and new gutters in February 2021. A shared laundry room provides individual hook-ups for all three units, adding convenience for tenants. Operating expenses include water, insurance, and taxes, contributing to an impressive 8% ROI. All three apartment units are fully occupied, and an additional main-level space with a half bath offers the potential to lease as a small office for added income. This is a rare opportunity to own a solid, cash-flowing property with flexibility for future growth--schedule your private showing today and be sure to view the floor plans to see the full potential.
Broker Details
Leis Realty Company, Inc. (937) 423-0916
MLS ID: leisdus108 State License Number: 0000407825
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $219,900 |
| No. of Units: | 4 |
| Year Built: | 1970 |
| Lot Size: | 2,400.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $54,975 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-WRISTINCOH-1047008
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