INVESTORS TAKE NOTICE! 5-UNIT INCOME PROPERTY IN THE HIGHLY DESIRABLE EDISON SCHOOL DISTRICT!An excellent opportunity to acquire a 5-unit investment property in a peaceful rural setting within the sought-after Edison School District!INSTANT INCOME WITH VALUE-ADD POTENTIAL! Four of the five units are currently occupied, providing immediate rental income, while the vacant unit offers an opportunity for improvements and potential rent growth. With some cosmetic updates and strategic upgrades, there may be significant potential to increase rental income, build equity, and improve your overall return on investment.PROPERTY HIGHLIGHTS:*Five residential rental units*Four units currently occupied. No Section 8 tenants. *Three units are on month-to-month lease basis.*Desirable rural location in the Edison School District*Separate electric service for each unit*Shared water system and septic system*Septic system maintained by Franklin Sanitation*Opportunity to increase rental income through updates and improvements*Immediate income from existing tenantsUNIT CONFIGURATION:All 2 bd, 1 bathUnit A - First floor: $650 (6 months left on lease)Unit B -EmptyUnit C - Upper level: $1000Unit D - Lower level: $1000Unit E - Front: $900SHOWING INFORMATION: The vacant unit is available for showings. To respect the privacy of existing tenants and minimize unnecessary disruptions, occupied units will be made available for viewing upon receipt of a Letter of Intent (LOI).THE OPPORTUNITY- Purchase an income-producing property with existing cash flow, make strategic improvements over time, and potentially enjoy increased rental income and long-term appreciation.Experienced investors know the money is often made by recognizing potential before everyone else does!*To respect tenants privacy there are no interior photos. Vacant Unit photos coming soon.*
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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Milan is located in Ohio. Milan, Ohio has a population of 1,776. Milan is more family-centric than the surrounding county with 34.98% of the households containing married families with children. The county average for households married with children is 21.06%.
The median household income in Milan, Ohio is $81,131. The median household income for the surrounding county is $60,149 compared to the national median of $69,021. The median age of people living in Milan is 40 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 36.4 inches per year, with 29.4 inches of snow per year.
