356 Union StDelaware, OH 43015

For Sale
$275,000

Six-unit apartment building, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multifamily investment opportunity in Delaware, Ohio, presents a compelling chance to acquire a six-unit apartment complex situated on a 6,969.6 square foot lot. The property, comprised of three separate buildings, offers a mix of unit styles. Two buildings are two-unit townhomes, each featuring two bedrooms and one and a half bathrooms. The third building is a two-unit ranch-style structure, with each unit boasting two bedrooms, one bathroom, and a full basement. All six units are currently 100% occupied, providing immediate cash flow. The property is conveniently located within walking distance of historic Downtown Delaware, highly-rated city schools, local parks, Ohio Wesleyan University, and a vibrant selection of restaurants and boutiques. Shared driveway access is available for two of the buildings, with ample rear parking, supplemented by on-street parking for the third building. Each unit includes washer/dryer hookups. While some cosmetic updates may be considered, the buildings are structurally sound and well-maintained. The asking price is $275,000, translating to $147.06 per square foot. The property is also known as 346 N. Union St, 352 N. Union St, and 356 N. Union St. Please note that tenants should not be disturbed. This is a truly remarkable opportunity for investors seeking a strong return in a desirable location.

Highlights

  • $275,000 asking price for a six-unit apartment building.
  • 100% occupancy with six units.
  • Located at 356 N Union Street, Delaware, OH 43015.
  • Property consists of three separate buildings: two two-unit townhomes (2 bed/1.5 bath) and one two-unit ranch (2 bed/1 bath).
  • Built in 1971, situated on a 6,969.6 sq ft lot, with a price per square foot of $147.06.

Property Details for 356 Union St

Property type
Multifamily properties, Apartment buildings
Year Built
1971
Units
6

Location Insight

City
Delaware
County
Delaware
State
Ohio
Latitude
40.3091652
Longitude
-83.0648034
356 Union St, Delaware, Ohio

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356 Union St
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