Description
Prime turnkey investment or owner-occupant house-hacking opportunity in Newark! This solid, low-maintenance brick-and-siding two-family property features two self-contained, 1008 sq ft flat each, units (122 Cherry St Apt A and Apt B) with secure access into the building, followed by private interior entries into each individual residence on a generous, fully fenced lot. Both flats offer identical, versatile footprints featuring two spacious bedrooms, a full bathroom, a large living room, an eat-in kitchen with appliances, and dedicated in-unit laundry hookups. Key mechanical improvements include a new metal roof, new hot water tanks in both units, and separate meters with all utilities billed directly to owner/tenants. Outside, the expansive privacy-fenced yard provides rare amenities, including a raised upper-level wood deck, a large ground-level concrete patio, a cozy brick-lined fire pit, an above-ground pool with custom steps, a massive gravel driveway with abundant off-street parking, and a large detached outbuilding divided into two private storage spaces (one per tenant). With projected rents of $1,050 to $1,200 per month per unit, this duplex delivers outstanding cash-flow potential in an accessible location near Cherry Valley Road, local highways, parks, shopping, and dining. Initial showings are limited to vacant Unit B on lockbox; tenant-occupied Unit A will be available for viewing and inspections once in contract to respect tenant privacy. Schedule your private showing today to explore the opportunities at 122 Cherry Street! Attention Agents: Property is currently owner occupid with no tenants. Seller wll need 30 days possession post closing, or until their new home is complete ,which ever comes first. See ATA remarks and offer instructions doc attached.
Details
| MLS # | 226039259 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1970 |
| Days On Site | 11 |
| Listing Provided By | Howard HannaRealEstateServices | Donald E Shaffer |
Features
| Units | 2 |
|---|---|
| Acreage | 0.12 |
Taxes
| Property | 1558 |
|---|
Area Information
| State | OH |
|---|---|
| County | Licking |
| City | Newark |
| Zip Code | 43055 |
| School District | NEWARK CSD 4507 LIC CO. |
| High School | NEWARK CSD 4507 LIC CO. |
| Listing VS Median (in 43055) | |
Price: $219,900 low | high Med: $249,950 On site: 11 low | high Med: 52.5 | |
Market Activity 43055
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Learn More About This Property
| State | OH |
|---|---|
| County | Licking |
| City | Newark |
| Zip Code | 43055 |
| School District | NEWARK CSD 4507 LIC CO. |
| High School | NEWARK CSD 4507 LIC CO. |
| Listing VS Median (in 43055) | |
Price: $219,900 low | high Med: $249,950 On site: 11 low | high Med: 52.5 | |
