712 W Light St - Apartments FOR SALE


Urbana, OH 43078
$650,000 USD
330-600-1044
712 W Light St, Urbana, OH for Sale
$650,000 USD
Apartments - FOR SALE
1/7
null | 7.11% Cap Rate

712 W Light St
Urbana, OH 43078


OVERVIEW

Well-Maintained Multifamily Asset: The property has been meticulously maintained, showcasing strong ownership pride and solid physical condition. Ongoing care and recent improvements have enhanced both curb appeal and long-term durability. Strong Occupancy & Tenant Stability: The asset benefits from high occupancy, reflecting its desirability and consistent management. A well-kept environment has contributed to tenant satisfaction and reduced turnover. Renovated Unit Interiors: Select units have been upgraded with modern finishes, including updated kitchens and bathrooms, new flooring, and contemporary fixtures—supporting increased rental rates and improved tenant retention. Mark-to-Market Rental Upside: Given current demand for quality housing in Urbana, the property offers clear potential to increase rents. A new owner can continue executing a rent growth strategy by aligning in-place rents with market levels. Attractive, Convenient Location: Situated in an established neighborhood, the property offers proximity to schools, parks, retail, and major transportation routes—appealing to a broad tenant base including families and young professionals. Stable Cash-Flowing Investment: With strong occupancy, recent upgrades, and operational consistency, the property provides reliable in-place income along with upside potential—making it an attractive opportunity for both new and experienced investors.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

10

PRICE/UNIT

$65,000

CAP RATE

7.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,795 SF

ZONING

-

APN/PARCEL ID

K48-25-00-04-18-009-00

ASK ABOUT THIS PROPERTY

Joey MillerMatthews Real Estate Investment ServicesMore Info
330-600-1044

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

Joey MillerMatthews Real Estate Investment ServicesMore Info
330-600-1044

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