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$ 169,900
Est. payment /mo
Price Dropped by $5K
22 Fairlawn Ave Glouster, OH 45732
3 Beds
3 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Investment Property (Rental)
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2432921
Style Triplex
Bedrooms 3
Year Built 1900
Annual Tax Amount $772
Lot Size 6,098 Sqft
Property Sub-Type Investment Property (Rental)
Property Description
Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-bedroom units renting for $700 each and one 1-bedroom unit renting for $480. The property has been meticulously maintained, including a complete top to bottom remodel of two units in 2021-everything from subflooring to light fixtures was replaced-and the addition of a brand-new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the added option to expand your portfolio by purchasing the neighboring triplex at 18 North, also for sale!
Location
State OH
County Athens
Zoning None/Unknown
Interior
Interior Features Countertops- Laminate, Flooring- Carpet, Flooring- Laminate
Heating Forced Air-Gas, Baseboard-Electric
Cooling Window Unit
Appliance Refrigerator, Oven/Range- Electric
Exterior
Utilities Available Water: City/Public, Natural Gas, Garbage Collection, Contact Utility Company, Power: AEP
Roof Type Asphalt Shingle, Metal
Building
Foundation Concrete Block
Structure Type Siding-Vinyl
Listed by The Athens Real Estate Co., Ltd.