$269,000

About this home

Turnkey Investment Opportunity in Wellsville Ohio! If you’ve been searching for a solid, income-producing property with upside potential, this apartment complex delivers. Situated in Wellsville this well-maintained brick building offers durability, low maintenance, and strong rental appeal. The property features a total of 7 units, including 6 studio apartments and 1 one-bedroom unit, all under one roof. The one-bedroom apartment is currently rented at $775/month, while studio units are bringing in $650/month, with room for future rent optimization. In addition, there is a mobile home located at the rear of the property generating $175/month in lot rent—adding another stream of income. Several units are already occupied, providing immediate cash flow, while the remaining units offer an opportunity to increase revenue as they are leased. Utilities are landlord-paid, with average monthly expenses of approximately $100 for trash, $100 for water, $300 for electric, and $150 for gas—keeping operating costs predictable and manageable. The building itself is in excellent condition, showcasing a strong brick structure that enhances long-term value and minimizes exterior maintenance concerns. Whether you're looking to expand your portfolio or step into multifamily investing, this property offers stability, income, and growth potential all in one package. Don’t miss your chance to own a versatile investment property with multiple income streams!

Property details

MLS #

5205857

Property type

Apartment

Subdivision

Nicholson

Status

Active

Days on market

18

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

0.11 acres

Nearby schools

Within 10 miles · public school directory data (NCES)