About This Home
This 0-bedroom, 0-bathroom multi-family at 7045 Montgomery Road in Silverton, OH is listed for $949,000. Built in 1900, on a N/A lot.
Key Features
- Built in 1900
- Fireplace
Property Details
Amenities
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. The roof was just hot tar sealed, all windows caulked and sealed, and 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.
Monthly Cost Estimate
$5,075/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7045 Montgomery Road
Silverton, OH 45236
Property Details
Construction
Views
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 7045 Montgomery Road is listed at $949,000. The estimated monthly payment is $5,076 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, Fireplace.
This property is listed by Andrew Willoughby and can be reached at (866) 212-4991.