Property Listing No Longer Available for Sale

247 & 253 S Liberty St, Delaware, OH

Multi-family for Sale - $1,230,000 - 13,720 Sq. Ft. on 0.83 acres


Property Info

CIMLS#1080718
Location
  247 & 253 S Liberty St
  Delaware OH 43015
UpdatedSeptember 14th, 2020
TypeMulti-family
Price$1,230,000
Building13,720 Sq. Ft.
Land0.83 acres

Property Description

18 multifamily units that are located in downtown Delaware, Ohio. Sitting on .83 ares, the property is located minutes from Ohio Wesleyan University, as well as all of the restaurants, shops, and amenities that downtown Delaware has to offer. This property has significant upside potential and the opportunity to add substantial value within the first year. Currently, the property is 85% occupied with 15/18 units leased. Two of the one bedroom vacancies are rent ready and could be leased at anytime. Based on the 2020 income/expense projections the NOI will be approx $84,830. This property has tremendous upside potential


Financials