147 Blaine AveMarion, OH 43302

For Sale
$3,850,000

55 Units, 89% Occupancy, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multifamily investment opportunity comprises a portfolio of 24 parcels encompassing 55 apartment units, strategically located within a 2-3 mile radius in Marion, Ohio. Built in 1910, this collection offers a compelling blend of history and income potential. The property boasts a strong 89% occupancy rate, demonstrating consistent rental demand. With a total lot size of 8,276.4 square feet, the portfolio presents a significant footprint in a desirable area. The asking price is $3,850,000, translating to a price per square foot of $2,336.17. Detailed rent rolls are available upon request, providing a transparent view of current income generation. This portfolio represents a rare chance to acquire a substantial, well-performing multifamily asset in a growing market. The convenient proximity of all units simplifies management and maintenance, maximizing efficiency and return on investment. This is an ideal opportunity for investors seeking to expand their holdings and capitalize on the robust rental market in Marion, Ohio. The property's strong occupancy rate and established rental income stream make it a particularly attractive proposition for experienced investors. Don't miss this chance to acquire a significant and profitable multifamily portfolio.

Highlights

  • 24-parcel multifamily portfolio with 55 units in Marion, OH, within a 2-3 mile radius.
  • Built in 1910, offering strong income potential with 89% occupancy.
  • Total lot size: 8,276.4 sq ft.
  • Asking price: $3,850,000 ($2,336.17/sq ft).
  • Detailed rent rolls available upon request.

Property Details for 147 Blaine Ave

Property type
Multifamily properties, Apartment buildings
Year Built
1910
Units
55

Location Insight

City
Marion
County
Marion
State
Ohio
Latitude
40.5874631
Longitude
-83.136734
147 Blaine Ave, Marion, Ohio

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147 Blaine Ave
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