Courtesy: Superior Plus Realtors
419-222-3040
High-Yield Investment Opportunity! Secure an immediate high-return addition to your portfolio with this versatile three-unit rental property. This well maintained property is an absolute powerhouse for income seekers, generating nearly $30,000 in annual net income through its established rental history. Ideally suited for a long-term ''buy and hold'' strategy, and uniquely features permissive industrial zoning, providing a rare layer of flexibility and long-term land value that is difficult to find in standard residential investments. The primary structure is substantial, offering a spacious 1,283 square feet on the first floor and 909 square feet on the upper level. Currently configured as a three-unit rental, the layout includes four bedrooms and three full bathrooms. Tenants will appreciate the varied outdoor living spaces, including a 281-square-foot open masonry porch, multiple wood decks, and two enclosed porches. In addition to the main units, the property includes a 360-square-foot detached frame garage that offers secure in-demand storage for tenants. This is a prime opportunity to acquire a cash-flowing asset, with industrial zoning that paves the way for future growth and specialized use cases in the heart of Spencerville.
Spencerville is located in Ohio. Spencerville, Ohio has a population of 2,065. Spencerville is more family-centric than the surrounding county with 36.65% of the households containing married families with children. The county average for households married with children is 26.72%.
The median household income in Spencerville, Ohio is $39,211. The median household income for the surrounding county is $55,114 compared to the national median of $69,021. The median age of people living in Spencerville is 37.6 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 37.6 inches per year, with 19.4 inches of snow per year.
