497 Old Boston Rd
Batavia Twp, OH 45103
Suburb: Batavia Twp
$1,225,000
19,260sqft
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Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.

Directions

SR 32 to Riverside Dr, head south, left on Diana Ave, Right on East Charles and then right on Old Boston.

Property Details

General Information

Property Type Multi Family
Style Apartment 5+ Units
Suburb Batavia Twp
Zip Code 45103
School District Batavia Local SD
MLS# 1822853

Additional Information

Levels2 Story
ConstructionBrick
Total Acres1.25
GasNone
WaterPublic
SewerPublic
FoundationPoured
OccupancyNegotiable
Semi-Annual Taxes$7,254.00

Property Features

Property SqFt.19,260
BasementNone
GarageNone
Cars40
ParkingAsphalt
WindowsVinyl, Aluminum
HeatingElectric, Forced Air
CoolingCentral Air
FireplaceNone

Additional Features

AppliancesAll appliances included in units.
Other FeaturesCoin Laundry

Multi-Family Information

Total Units20
Gross Income$164,180.00
2 Bedroom Units20
Parking Spaces40
Heat PaidTenant
Separate Gas & ElectricYes
Separate Furnace/ACYes

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497 Old Boston Rd

Batavia Twp, OH 45103

Photo of 497 Old Boston Rd, Batavia Twp, OH 45103

Multi Family: Apartment 5+ Units

Listing # 1822853

Agent Remarks:

Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.

Driving Directions:

SR 32 to Riverside Dr, head south, left on Diana Ave, Right on East Charles and then right on Old Boston.

This listing courtesy of Jon A DeCurtins (513-600-7231), ERA REAL Solutions Realty, LLC (513-873-6116). All Information is believed accurate, but is NOT guaranteed.

Broker Reciporcity logo
The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

All information is believed accurate, but NOT guaranteed.
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