$65,000
$82,000
20.7%For more information regarding the value of a property, please contact us for a free consultation.
8,280 SqFt
SOLD DATE : 08/09/2018
Key Details
Sold Price $65,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,280 sqft
Price per Sqft $7
MLS Listing ID 218007938
Sold Date 08/09/18
Year Built 1870
Annual Tax Amount $2,382
Lot Size 9,583 Sqft
Lot Dimensions 0.22
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
Property Description
We are pleased to present 137 S. Main St., an 8,290 square foot building located in Downtown London, Ohio. The property was originally constructed in 1850's but has since undergone renovations.
The building was most recently used as a boarding house for residents and was vacated in order to make numerous improvements to prepare it for sale. The property could be re-leased with 7 tenants paying $400 per month, similar to before it was vacated. This would bring in potential revenue of $33,600 per year. A slightly more extensive renovation could yield more units and lease up would support rents in the mid-$500 range plus additional income from the ground floor retail space.
Location
State OH
County Madison
Area 0.22
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Others
Tax ID 31-00870.000
Acceptable Financing Conventional
Listing Terms Conventional
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