UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,373 sqft
Price per Sqft $50
Subdivision Warder
MLS Listing ID 1043773
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1920
Tax Year 2025
Lot Size 2,613 Sqft
Lot Dimensions 0.06
Source Western Regional Information Systems & Technology (WRIST)
Property Description
The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month.
The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout.
Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash.
With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value.
Location
State OH
County Clark
Community Warder
Area 0.06
Zoning Residential
Direction Lagonda to address. On the corner of Farlow and Lagonda.
Rooms
Basement Partial, Crawl Space
Interior
Heating Forced Air, Natural Gas, Space Heater
Cooling Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Heat Source Forced Air, Natural Gas, Space Heater
Exterior
Exterior Feature Vinyl Siding
Parking Features No Garage
Utilities Available Separate Meters, Sewer Connected, Natural Gas Connected
Building
Lot Description Residential Lot
Story Two
Foundation Stone
Sewer Public Sewer
Water Supplied Water
Level or Stories Two
Schools
High Schools 1206 Springfield Csd
School District 1206 Springfield Csd
Others
Tax ID 3400700029306010
Ownership Occupant
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/wrist/1043773
Nearby Locations
GET MORE INFORMATION
The Woodrow Group At Realistar
Broker | License ID: 658008071
Broker License ID: 658008071