OH > Glouster
Glouster, OH 45732,22 Fairlawn Avenue
Glouster, OH 45732,22 Fairlawn Avenue
Glouster, OH 45732,22 Fairlawn Avenue
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$175,000
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6,098 Sqft Lot
Active

22 Fairlawn Avenue Glouster, OH 45732

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Mainstream Realty Pros

Mainstream Realty Pros

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Key Details

Property Type Multi-Family

Sub Type Midrise

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225001509

Year Built 1900

Annual Tax Amount $772

Lot Size 6,098 Sqft

Lot Dimensions 0.14

Property Sub-Type Midrise

Source Columbus and Central Ohio Regional MLS

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 2021—everything from subflooring to light fixtures was replaced—and 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!

Location

State OH

County Athens

Area 0.14

Rooms

Other Rooms None

Dining Room No

Interior

Equipment No

Laundry No Laundry Rooms

Schools

High Schools Trimble Lsd 505 Ath Co.

Others

Tax ID M04-00300083-00

Listed by Allison Lee Athens Real Estate Co

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Mainstream Realty Pros

Your Family. Your Investment. Your Home. | BRKP.2015001125

+1(614) 434-8150

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