Do not miss this INCREDIBLE INVESTMENT opportunity! One apartment is currently rented on a month to month lease and you could live in the other apartment or MAXIMIZE your return and rent out the other apartment. Sitting on over a quarter acre allows plenty of room to park and entertain. These spacious units include 3 bedrooms, brand new electric, plumbing, windows and HVAC! Close to all amenities. This one is priced to fly so see this while you can!
Both units are currently vacant so you can add your touches and then decide what the rents will be. Seller had the tenants to move out so he could do some repair work before putting it on the market. First floor has 1 bedroom, full bath, kitchen, large dining room with built-in, Large living room, sunroom & enclosed rear porch. The second floor has 1 bedroom, full bath, living room, kitchen & covered porch area. Great location near downtown, school & park. In the past the rents have been low as you can see from the above info. There is room here to increase the rents to todays standard rents to make this a valuable asset for you. Vacant and easy to show. Cash or Conventional financing only.
This property offers three separate living spaces: a two-story duplex and a single-story ranch. The duplex has 2-3 bedrooms downstairs, and the upstairs, if finished, could provide 2 more bedrooms with a separate entrance. The ranch features 1-2 bedrooms, bringing the total potential to 6-8 bedrooms. While the property needs work, and currently has a gutted second floor in the duplex, it offers plenty of possibilities for customization, investment, and cash flow.
Mount Vernon is located in Ohio. Mount Vernon, Ohio has a population of 16,885. Mount Vernon is less family-centric than the surrounding county with 23.06% of the households containing married families with children. The county average for households married with children is 31.59%.
The median household income in Mount Vernon, Ohio is $49,139. The median household income for the surrounding county is $64,439 compared to the national median of $69,021. The median age of people living in Mount Vernon is 39.3 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 40.4 inches per year, with 31.9 inches of snow per year.