504 Richland Ave
Multi-Family $ 429,300

504 Richland Ave

Athens, OH 45701

  • 6 Beds
  • 6 Baths
  • 0.26 Lot Size
  • 1965 Year Built
Ready to add a proven income-producing property to your portfolio? This fully rented 6-unit apartment building delivers immediate cash flow with a setup that keeps tenants coming. Each unit offers one bedroom, one full bath, a full kitchen, and its own off-street parking space. On-site laundry exclusively for tenant use adds even more convenience. One-bedroom units are hard to find in Athens, helping make these apartments consistently desirable and easy to rent. The location is another win, just minutes from Ohio University campus, uptown Athens, shopping, dining, and everything Athens has to offer. With all six units occupied, there's no waiting to generate income and no lease-up period to navigate. Whether you're expanding your portfolio or looking for a solid multifamily investment, this one deserves your attention. Six units generating $48,000 annually with proven rental demand, and numbers that work. Opportunities like this don't come along every day, so put this one at the top of your investment list!
Listed by Ohio Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type HOA-No, Investment Property (Rental)

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 2435537

    Style 4+ Units

    Bedrooms 6

    Year Built 1965

    Annual Tax Amount $6,813

    Lot Size 0.260 Acres

    Property Sub-Type HOA-No, Investment Property (Rental)

  • Location

    State OH

    County Athens

    Zoning Commercial

  • Building

    Foundation Slab on Grade

    Structure Type Brick

  • Interior

    Interior Features Countertops- Laminate, Flooring- Vinyl, Flooring-Luxury Vinyl Tile

    Heating Baseboard-Electric

    Cooling Window Unit

    Appliance Refrigerator, Water Heater- Electric, Oven/Range- Electric, Microhood

  • Exterior

    Exterior Feature Gutters & Downspouts, Outdoor Lighting

    Utilities Available Water: City/Public, Sewer: Municipal, Garbage Collection, Internet-Cable, Power: AEP

    Roof Type Asphalt Shingle

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CONTACT

Stephanie Wood
Stephanie Wood

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