124 E Main Street, Plain City, OH 43064 124 E Main St 5 Unit Apartment Building $1,150,096 CAD ($230,019 CAD/Unit) Plain City, OH 43064
EXECUTIVE SUMMARY
This property in Plain City is an excellent investment opportunity, featuring two 3-bedroom apts, two 2-bedroom apts, and an additional 2-bedroom unit above the garage. It's conveniently located at the corner of Main & Main, within walking distance to local amenities. The property includes off-street parking and has a newer roof installed in 2015, although it does need updates throughout. All current tenants are on mo-to-mo leases at below market rents, providing potential for increased income with renovations and adjustments to rental rates. Lots of great stuff happening in Plain City. Across Main St is the new Clocktower cocktail/restaurant and coming soon is an historic train depot with community park called the Public Square. This property is in the heart of it curb offers only!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 04-00161.000 | Improvements Assessment | $65,415 CAD |
| Land Assessment | $19,793 CAD | Total Assessment | $85,207 CAD |
