211 Jefferson Street
Marion, OH 43302

Est. Mortgage: $7,175/mo
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  • 22,978

Opportunities like this come along very-very rarely. So don't miss out on this one! Situated in north-central Ohio is this 23-property rental portfolio that is being offered at the very reasonable $1,500,000. The properties have been extensively renovated to the tune of more than $500,000 in the past five years. Among the upgrades have been three-dimensional roofs, cabinets, electrical, plumbing, furnace, large-oversized porches, windows and siding. Current owner has pride in his portfolio and it shows throughout each unit. He's only looking to move this portfolio because he has an opportunity to fulfill a life-long dream. Speaking of dreams, can you imagine getting a check in your mailbox for more than $217,000 each year? And the current owner is doing a lot to make sure you can maximize your income each year. Of the 23-units, 76% of the units are on government assistance (METRO in Marion County Ohio) with the majority of the rent being sent directly to the owner every single month. The housing requires the renter to maintain certain levels of commitment which can allow them to be kicked out of the program for destroying homes. And contrary to popular opinion the owner has the ability to review tenants and choose. Hence, the new owner is getting a recently updated and maintained properties in addition to walking into direct-payment by the governmental agency. Even with all these benefits the properties still yield a better than 12% CAP rate and 61.1 cash-on-cash ratio. How often can you get a portfolio this solid? Contact us today!

Property Details
  • Mation City
    school district
  • $16,892.00
  • OL108302
Vinyl siding
Covered porch
Lot acreage is: 3.3119
Zoned multi-family residential
Zoned residential
Zoned single family residential
Tenant expenses: water, sewer, electric
For sale
Tax year: 2014
Courtesy of:
Howard Hanna RealCom Realty

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Get more info or schedule a showing:
Address Distance Sale date Sale price
213 BENTON PL 0.27 mi. 8/10/2016 $5,000
65 E STATE ST 0.96 mi. 6/10/2016 $2,364,500
1361 HARDING HWY E 1.06 mi. 12/8/2016 $200,000
222 LAWRENCE AVE 1.07 mi. 8/8/2016 $6,000
222 LAWRENCE AVE 1.07 mi. 8/8/2016 $6,000
633 HENRY ST 1.9 mi. 12/8/2016 $4,000
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NMLS# 1047337
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The approximate monthly principal & interest payment for this property would be $7,174.62.

This payment is based on a 30-year loan at a fixed rate of 4.375 % - APR 4.446 % with a down payment of $75,000. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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211 Jefferson Street, Marion, OH 43302 commercial offered for sale at $1,500,000.