7049 Montgomery Road

Silverton OH 45236

9528 sq. ft.

Apartment

Currently for sale - view listing

Overview

Turn-key standalone commercial building with 7 apartments and 2 retail storefronts located in the growing business district of Silverton, 1.5 miles from Kenwood Mall and I-71. Strong investment opportunity with long-term solid rental income. All units are fully leased with value-add potential for rent increases. 3- 1 bed, 3- 2 bed, 1- 3bed apartments, and 2 retail storefronts, and a full basement with coin laundry. Each unit is separately metered for gas and electricity. New Roof with transferable warranty, New Flooring in common areas. 13 parking spaces with off-street parking as well. The public bus stop is across the street with a crosswalk to the building. Property is currently rented at $111,000 yr. Currently at an 8 cap with room to go higher with rent increases.

Features

13 carspaces

13 open car spaces

9528 sq. ft. floor area

Apartment

Property history for 7049 Montgomery Road

2023

Sold

$650,000

08 Feb 2023 by Lisa S Williams, of Plum Tree Realty

Happy sellers in Silverton

We have insufficient information to provide an overview of customer satisfaction for Silverton. Viewing the agent profiles, reviews and sales for Silverton can provide insights for this location.