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!
|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|