327-331 Woodlawn AveZanesville, OH 43701

For Sale
$224,900

Four-unit apartment building, fully rented.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully rented four-unit apartment building located at 327-331 Woodlawn Avenue in Zanesville, Ohio. Built in 1820 and extensively renovated in 2024, this property boasts a desirable location and strong rental income. The building comprises two one-bedroom, one-bathroom apartments and two efficiency studios. Current monthly rents are $750 for the one-bedroom units and $625 and $575 for the efficiency units, generating substantial cash flow. Recent upgrades include a brand new dimensional roof with new gutter sections, a newer gas furnace for one of the one-bedroom units, and new baseboard heating for the efficiencies. The electrical box and service line have also been upgraded. One one-bedroom unit and one efficiency studio have undergone recent renovations, with one featuring new appliances and the other a remodeled bathroom with a new shower. An additional, nearly complete (80%) fifth unit presents further potential for increased revenue. The property sits on a 7,405.2 square foot lot and is priced at $224,900, representing a price per square foot of $54.48. This is a turnkey investment ready to generate immediate returns. Serious inquiries only. Do not disturb tenants.

Highlights

  • $224,900 asking price for a four-unit multifamily property.
  • Located at 327-331 Woodlawn Avenue, Zanesville, OH 43701.
  • Four units total: two one-bedroom/one-bathroom apartments and two efficiency apartments.
  • All four units are currently fully rented, generating monthly income.
  • Recent renovations include a new roof, gutters, gas furnace, baseboard heating, and electrical upgrades.
  • One one-bedroom unit and one efficiency unit have updated bathrooms and/or appliances.

Property Details for 327-331 Woodlawn Ave

Property type
Multifamily properties, Apartment buildings
Year Built/Renovated
1820/2024
Units
4

Location Insight

City
Zanesville
County
Muskingum
State
Ohio
Latitude
39.9339491
Longitude
-82.009047
327-331 Woodlawn Ave, Zanesville, Ohio

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327-331 Woodlawn Ave
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