Excellent investment opportunity with this 8-unit apartment complex situated on 3.1 acres and consisting of two duplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new stainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all buildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate additional income, plus a storage building that could also be rented for extra revenue. One of the duplexes currently has below-market rent, offering immediate upside potential by updating the units to match the others and increasing rental rates. 1.44 acres of vacant land provides room for future development or additional income-producing structures. With strong occupancy history and a convenient location just 20 minutes from Athens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether you're a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add opportunities, and room to grow.
Shade is located in Ohio. Shade, Ohio has a population of 769. Shade is more family-centric than the surrounding county with 46.97% of the households containing married families with children. The county average for households married with children is 26.18%.
The median household income in Shade, Ohio is $46,397. The median household income for the surrounding county is $47,061 compared to the national median of $69,021. The median age of people living in Shade is 45 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 40.4 inches per year, with 16.7 inches of snow per year.
