427 S Union Avenue
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44 photos

$229,900

427 S Union Avenue
Alliance, OH 44601
Listed by Jennifer L Dockery · REMAX Diversity Real Estate Group LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1902

About this home

**SUBJECT TO BUYER OBTAINING A COMMERCIAL USE VARIANCE** SIGNIFICANT PRICE IMPROVEMENT! Unique Investment Opportunity with Endless Potential! This one-of-a-kind property offers a rare combination of residential income and exceptional workspace, making it an outstanding opportunity for investors, owner-occupants, contractors, mechanics, hobbyists, or entrepreneurs. The property features a spacious possible 2-bedroom unit and a 3-bedroom unit, creating immediate income potential or the flexibility to owner-occupy one unit while leasing the other. There is a 3rd floor that could be considered a 4th bedroom or additional living space to second floor. Attached to the building is an impressive 24' x 82' workshop/garage, offering nearly 2,000 square feet of additional space with endless possibilities. Whether you envision extra rental income through storage or workshop space, a home-based business (subject to applicable zoning and approvals), or simply need room for equipment, vehicles, or projects, this property stands apart from anything else on the market. Inside, you'll appreciate the timeless character and craftsmanship, including beautiful original woodwork, generous room sizes, classic architectural details, and abundant natural light. The property's unique blend of historic charm and functional space creates an opportunity that is difficult to replicate. With multiple potential income streams, flexible living arrangements, and a location convenient to shopping, restaurants, schools, and major routes, this property offers exceptional versatility for a wide variety of buyers. Whether you're looking to expand your investment portfolio, launch a live/work lifestyle, or own a truly distinctive property, this is an opportunity you won't want to miss. Schedule your private showing today and explore all the possibilities this remarkable property has to offer!

Highlights

Fireplace

Property details

MLS #
5211298
Property type
Other
Subdivision
Alliance
Status
Active
Days on market
75
On market date
N/A
Stories
3
Garage spaces
N/A
Lot size
0.1619 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Alliance Early Learning School
0.24 mi away · Grades -1-1
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
581
Student:teacher ratio
48.4:1
District
Alliance City
Middle
Alliance Intermediate School @ Northside
1.07 mi away · Grades 4-7
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
366
Student:teacher ratio
19.3:1
District
Alliance City
High
Alliance High School
0.54 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
968
Student:teacher ratio
18.6:1
District
Alliance City

Mortgage calculator

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Est. monthly payment
$1,534/mo
$45,980 down
$183,920 loan
Principal & interest$1,193
Property tax (est.)$192
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 17 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.