303 E Main St - Apartments FOR SALE


Enon, OH 45323- Medway/Enon
$845,000 USD
937-339-2300
303 E Main St, Enon, OH for Sale
$845,000 USD
Apartments - FOR SALE
1/13
null | 7.83% Cap Rate

303 E Main St
Enon, OH 45323
Medway/Enon


HIGHLIGHTS

  • 100% Occupied Mixed Use Apts and Salon
  • Generous on site parking
  • Upside potential

OVERVIEW

Turnkey, fully occupied mixed-use property offering immediate cash flow and future upside. This unique asset features five spacious 3-bedroom, 1-bath residential units plus a well-established salon totaling approximately 2,300 square feet, creating a strong and diversified income stream. One of the residential units has been completely remodeled, while the remaining units are well-maintained and in solid condition. The first-floor apartment and the salon both feature central air and heat for added tenant comfort. The four upper-level units are equipped with window A/C units and baseboard heating. Current gross rents total $6,500 per month ($78,000 annually) with additional value-add potential through a possible studio/efficiency conversion. Recent updates include improvements to the water heater, windows, and siding, helping reduce future capital expenditure concerns. Ideally located near Greenon Schools, WPAFB, dining, and everyday conveniences, this property combines stability, location, and growth potential — a compelling addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$845,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

5

PRICE/UNIT

$169,000

CAP RATE

7.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

21-00600-03130-5001,21-00600-03130-5002

ASK ABOUT THIS PROPERTY

Tammy LambertBruns Realty GroupMore Info
937-339-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tammy LambertBruns Realty GroupMore Info
937-339-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.