Listed By
Agency Name: RE/MAX Transitions
Agency Contact: janetsprechersold@gmail.com, 440-406-7627
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Rare opportunity to expand your real estate investment portfolio! This exceptional income-producing property features 14 total rental units situated on 3.25 acres with convenient access from Kipton Nickel Diagonal Road, and U.S. Route 20. The property includes 10 residential units, each offering 2 bedrooms, 1 full bathroom, private in-suite laundry, ceramic tile flooring throughout, and a refrigerator and stove that will remain with the property. The metal roof was replaced approximately three years ago. Also included is a 72' x 162' outbuilding with concrete floors, currently occupied by an established mechanic's business, providing additional commercial rental income. Above the outbuilding are 4 additional apartment units, further enhancing the property's revenue potential. This is a 100% occupied investment, with all residential units and the commercial space currently leased, providing immediate cash flow from day one. This well-maintained, fully leased property offers multiple income streams and outstanding long-term investment potential. Showings require a fully executed purchase contract and a minimum of 48 hours' notice.
Property Features
Property Type: Commercial - Retail
Basement: Apartment
Basement: Yes
Cooling: None
Days on Market: 5
Heating: Forced Air, Gas
Lot Size: 3.25 Acres
Roof Type: Metal
Taxes: $11,594 / year
Year Built: 1954
Feature Descriptions
Fencing: None
Parcel#: 14-00-017-000-003
Sewer: Holding Tank, Septic Needed, Septic Tank
Units: 10
Water: Public
Local Schools
School District: Oberlin City
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45445 US Highway 20 | MLS# 5225081
This commercial property located at 45445 US Highway 20, Oberlin, OH 44074 is currently listed for sale with an asking price of $700,000. US Highway 20 is located within the Oberlin City school district. Search Oberlin real estate on www.cutlercigroup.com today.