970 Main StMarion, OH 43302

For Sale
$13,650,000

96-Unit Apartment Complex, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of 96 single-family rental units located in Marion, Ohio, within a 2-3 mile radius. The property boasts a strong 89% occupancy rate, generating a substantial annual gross rent of $971,663. The units are primarily situated at 970 N Main Street, Marion, OH 43302 (40.6065775, -83.1298847). The portfolio comprises a mix of apartment building types, including duplexes, triplexes, and quadplexes. Many units feature newer roofs, updated exteriors, and modernized mechanical systems, indicating a commitment to property maintenance and potential for increased rental income. Significant growth potential exists due to the current high occupancy and the opportunity for further rent increases. Detailed rent rolls are available upon request. All utilities are paid by tenants. Serious inquiries only; please do not disturb tenants. The asking price for this lucrative investment is $13,650,000. The lot size is not specified. The year built is not available.

Highlights

  • $13,650,000 asking price.
  • 96-unit multifamily apartment building.
  • 89% occupancy rate.
  • Located at 970 N Main Street, Marion, OH 43302.
  • Generating $971,663 in annual gross rent.
  • Significant upside potential for rent growth.

Property Details for 970 Main St

Property type
Multifamily properties, Apartment buildings
Year Built
9999
Units
96

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.6065775
Longitude
-83.1298847
970 Main St, Marion, Ohio

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970 Main St
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