About this property

This excellent investment opportunity features a 14-unit all encompassing garden-style apartment building, with one parking lot, one building, roof, waterline, etc. This property is situated on a ±0.43-acre lot in Newark, Ohio, comprising of seven upper-level units and seven main-level units. Each one-bedroom, one-bathroom layout includes comfortable living and kitchen spaces, with many units recently updated. The property benefits from strong, stable demand driven by four long-term military tenants and five tenants utilizing guaranteed-rent LMHA assistance, delivering reliable cash flow. Operational efficiency and tenant convenience are further enhanced by professional lawn care, street parking alongside 20 on-site rear spaces, and valuable on-site amenities including a laundry facility and downstairs storage units that generate an additional income stream (with the Jetz laundry contract running through August 2027). The property boasts solid maintenance history, featuring five water tanks and four AC units replaced within the past three years. (Note: Sales are conducted via curb offers only--please respect tenant privacy and do not disturb occupants.)

Features and Additional Information