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1660-1664 King Road

Newark, OH 43055
  • $725,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 224027233
UPDATED: 237 min ago
$725,000
  • 0
    BEDS
  • 5.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,674
    SQFT
  • $433
    $/SQFT
Type:
Multi-Family
Built:
2009
County:
Area:

School Ratings & Info

School District:

Description

This investment property is a fantastic opportunity for a buyer looking to expand their real estate portfolio. With a total of four units already on the property, there is an existing rental income stream. Each unit is well-maintained and offer clean functional floorplans with modern kitchens. The property has the potential for further development, with the ability to build additional units or amenities. This provides the investor with the opportunity to increase the property's value and generate even more rental income. The location of the property is ideal, with easy access to highways, shopping centers, and schools, making it attractive to potential tenants.In addition to the existing units, the property also features ample parking space.

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© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shaffer Team | Howard Hanna Real Estate Services. Data last updated: 2024-10-09T23:51:52.583.
www.shaffer-team.com/homes/153312813
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1660-1664 King Road Newark, OH 43055

  • Price: $725,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 237 min ago
  • MLS #: 224027233
0
Beds
0
Baths
0
½ Baths
5.11
Acres
1,674
SQFT
$433
$/SQFT
2009
Built
County:
Licking
Area:
Newark
School District:
Newark Csd 4507 Lic Co.
Property Description
This investment property is a fantastic opportunity for a buyer looking to expand their real estate portfolio. With a total of four units already on the property, there is an existing rental income stream. Each unit is well-maintained and offer clean functional floorplans with modern kitchens. The property has the potential for further development, with the ability to build additional units or amenities. This provides the investor with the opportunity to increase the property's value and generate even more rental income. The location of the property is ideal, with easy access to highways, shopping centers, and schools, making it attractive to potential tenants.In addition to the existing units, the property also features ample parking space.
Exterior Features

Construction FrameVinyl Siding Parking Type 4 Car GarageAttached Garage Total Parking 10.00

Interior Features

Air Conditioning Central Heating Forced Air

Property Features

2 Bedroom Monthly Rent Per Unit 1250.00 2 Bedroom Units 4 Auction No Between Street1 Price Road Between Street2 Goosepond Buildings 2.00 Built Prior To1978 No Corp Limit Per Auditor Newark Expenses Real Estate Taxes 6551.08 For Exchange No For Sale Yes Miscellaneous Garages Multifamily Sub Type Combination New Financing Conventional Owner Pays SewerWaterTrash Services Available Electric Sewer Public Sewer Tax District 054 Tax Year 2023 Tenant Pays ElectricityGasWaterTrash CollectionSewer Township None

Listing provided courtesy of Hugh Price of Howard HannaRealEstateServices: (740) 587-7319.


© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shaffer Team | Howard Hanna Real Estate Services. Data last updated: 2024-10-09T23:51:52.583.
 
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The Shaffer Team | Howard Hanna Real Estate Services
88 W. Church St. Suite 500
Pickerington OH, 43147