Calling all investors! Rare opportunity to own a fourplex in the heart of downtown Spencer. Zoned commercial, this property offers endless opportunities to generate income- whether you're looking to add to your rental portfolio or renovate for resale. With the 'heavy lifting' completed already- from a brand-new roof ($20k) and professional mitigation and cleaning throughout that has brought it down to the studs, making it the perfect blank canvas -ready for your vision! The options are endless- currently framed and plumbed for 8 bedrooms, common areas, 4 kitchens and 4.5 bathrooms, this versatile space could be restored to its previous layout of four spacious 2-bedroom units, a combination of residential and commercial use with a storefront, and so much more. Perfectly situated in a prime downtown location with easy access to amenities, this is your chance to create something exceptional. Don’t miss out on this unique investment opportunity!
Multiunit buildings, totally full on large parcel of land. Land can be filled out with many more mini storage units, flex space for additional rental income. Currently they are all full and bring in approximately 4500+ a month rent. The true value in this property is the additional acres to develop for many more mini storage units, flex space and can be developed for many different uses -all commercial.
Spencer is located in Ohio. Spencer, Ohio has a population of 3,476. Spencer is less family-centric than the surrounding county with 26.32% of the households containing married families with children. The county average for households married with children is 32.73%.
The median household income in Spencer, Ohio is $87,500. The median household income for the surrounding county is $82,894 compared to the national median of $69,021. The median age of people living in Spencer is 46.2 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 38.1 inches per year, with 41.9 inches of snow per year.
