191 Cedar StNewark, OH 43055

For Sale
$212,900

Two-unit renovated duplex, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a beautifully renovated duplex located at 191 N Cedar Street, Newark, Ohio, 43055. Built in 1908 and extensively remodeled in 2023, this property boasts two spacious two-bedroom units, each offering a high level of craftsmanship. The property sits on a sizable 11,325.6 square foot double lot. The lower unit currently commands a monthly rent of $1,050, while the upper unit rents for $550 per month. Both leases are month-to-month. Tenants are responsible for all utilities. The seller covers trash removal, lawn care, structure insurance, and property maintenance. The asking price is $212,900, translating to $115.71 per square foot. This property is conveniently located near the former Bummie's location. A 48-hour notice is required for showings to allow for tenant notification. This turnkey investment offers strong rental income and significant potential for future appreciation. Don't miss this chance to acquire a well-maintained, high-yielding property in a desirable Newark location.

Highlights

  • $212,900 asking price for this multifamily property.
  • Two-unit apartment building, a duplex/triplex/quadruplex.
  • $115.71 price per square foot.
  • Built in 1908, renovated in 2023.
  • 11,325.6 square foot lot.

Property Details for 191 Cedar St

Property type
Multifamily properties, Apartment buildings
Year Built/Renovated
1908/2023
Units
2

Location Insight

City
Newark
County
Licking
State
Ohio
Latitude
40.0647527
Longitude
-82.3861203
191 Cedar St, Newark, Ohio

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191 Cedar St
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