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120 W High Avenue
New Philadelphia, OH 44663

Est. Mortgage: $3,946/mo
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Excellent investment opportunity in downtown New Philadelphia, Over 22,000 sq.ft includes 2 Commercial offices & 20 apartments. First Floor: 2 Commercial spaces & 6- 1BD apts. Second Floor: 6- 1BD apts & 1-2BD apt. Third Floor: 6- 1BD apts & 1-2BD apt. Commercial spaces lease for $575 monthly, 1 BD apts average $525 monthly & 2 BD apts lease for $695 monthly. All tenants pay gas & electric. Owner pays water/sewer/trash (avg. $750 monthly). All units have electric range, refrigerator, dishwasher. Some have microwaves as well. Coin Laundry on each floor average income of $250 monthly. Renovations completed in 2003, all to code, with over 1.3 million invested. New drywall, windows, kitchens, bath, roof membrane etc. Elevators updated and in good condition (inspected twice a year). Well maintained and in excellent condition with great rental history. Parking in rear. Formerly the Lee Hotel. This is your opportunity to own a piece of downtown history and see a good return on your investment!

Property Details
  • $9,955.00
  • 1885
  • 4097772
Central air
Forced air heat
Natural gas heat
Full basement
Parking spaces: 22
Lot acreage is: 0.28
Lot dimension is: 61 X 264
Subdivision: New Philadelphia
Public sewer
Public water
Get more info or schedule a showing:
Address Distance Sale date Sale price
442 BANK LN SE 0.52 mi. 12/13/2017 $180,000
0 E HIGH AVE 0.54 mi. 11/21/2017 $15,000
526 GARY DR NW 0.85 mi. 8/13/2018 $169,900
1450 STATE ROUTE 39 NE 1.09 mi. 12/4/2018 $955,000
111 SW MARKETPLACE COMMOMS 1.13 mi. 7/13/2017 $1,525,000
354 SYCAMORE CIR SE 1.3 mi. 9/1/2017 $61,100
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The approximate monthly principal & interest payment for this property would be $3,946.33.

This payment is based on a 30-year loan at a fixed rate of 3.625 % - APR 3.768 % with a down payment of $44,750. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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120 W High Avenue, New Philadelphia, OH 44663 commercial offered for sale at $895,000 by Jeff Mathias in the New Philadelphia real estate office.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Howard Hanna Real Estate Services are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.