Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-BR units renting for $700 each and one 1-BR unit renting for $480. The property has been carefully maintained, including a complete top-to-bottom remodel of two units in 2021—everything from subflooring to light fixtures was replaced—and the addition of a new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the option to expand by purchasing the neighboring triplex at 18 North, also for sale!
Fantastic investment opportunity in Glouster, Ohio! This fully occupied triplex features a strong rental income of $2,150 per month, with unit rents of $650, $700, and $800. The property has been profitable every year and boasts extensive capital improvements over the last three years, including a brand-new deck, updated interiors (new carpet, bathroom fixtures, windows, and more), with over $18,000 invested in upgrades. So far in 2024, the property has generated $14,097 in income with a 37% profit margin. A rare chance to own a cash-flowing asset with solid returns, featuring stable occupancy, low maintenance due to recent upgrades, and the added opportunity to expand your investment portfolio with the neighboring property at 22 Fairlawn also for sale!
Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 11427 Read Hartman Hwy, Suite 236, Cincinnati, OH 45241
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Glouster is located in Ohio. Glouster, Ohio has a population of 1,442. Glouster is more family-centric than the surrounding county with 35.31% of the households containing married families with children. The county average for households married with children is 26.18%.
The median household income in Glouster, Ohio is $34,048. 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 Glouster is 38.4 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 39.8 inches per year, with 17.4 inches of snow per year.
