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22 Fairlawn Avenue

Glouster, OH 45732
  • $175,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 225001509
UPDATED: 27 min ago
$175,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

School District:

Description

Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-BR units renting for $700 each and one 1-BR unit renting for $480. The property has been carefully maintained, including a complete top-to-bottom remodel of two units in 2021everything from subflooring to light fixtures was replacedand the addition of a new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the option to expand by purchasing the neighboring triplex at 18 North, also for sale!

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© 2025 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: 2025-02-15T19:52:33.673.
www.shaffer-team.com/homes/159527496
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22 Fairlawn Avenue Glouster, OH 45732

  • Price: $175,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 27 min ago
  • MLS #: 225001509
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1900
Built
County:
Athens
Area:
Glouster
School District:
Trimble Lsd 505 Ath Co.
Property Description
Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-BR units renting for $700 each and one 1-BR unit renting for $480. The property has been carefully maintained, including a complete top-to-bottom remodel of two units in 2021everything from subflooring to light fixtures was replacedand the addition of a new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the option to expand by purchasing the neighboring triplex at 18 North, also for sale!
Exterior Features

Parking Features []

Interior Features

Building Area Total2 1568 Cooling [] Heating []

Property Features

Auction Online Bidding No Listing Terms [] Owner Pays [] Possible Use [] Property Sub Type Midrise Sewer [] Special Listing Conditions [] Tax Annual Amount 772 Tax Year 2023 Utilities []

Listing provided courtesy of Allison Lee of Athens Real Estate Co: 740-589-4600.


© 2025 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: 2025-02-15T19:52:33.673.
 
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