3540 State Route 59, Ravenna OH 44266 Photo 1 3540 State Route 59, Ravenna OH 44266 Photo 2 3540 State Route 59, Ravenna OH 44266 Photo 3 3540 State Route 59, Ravenna OH 44266 Photo 4 3540 State Route 59, Ravenna OH 44266 Photo 5 3540 State Route 59, Ravenna OH 44266 Photo 6 3540 State Route 59, Ravenna OH 44266 Photo 7 3540 State Route 59, Ravenna OH 44266 Photo 8

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3540 State Route 59 - Don't miss out on this lucrative investment opportunity! This all brick 2 story 4-plex has that missing "Wow Factor" Investors seek. Each unit has between 1-3 bedrooms, living room, full bath & kitchen already equipped with range & refrigerator. Each unit also pays for their own utilities as each is accompanied by it's own furnace, hot water heater, electric meter & updated breaker panel. Water is supplied by the city, the septic has been updated & is on a yearly maintenance schedule. This owner has provided many updates since acquiring property in 2010. Best of all...this property currently brings in $2000/month with potential for increase! Originally a 4-plex with 2 units on upper level and 2 on lower. Approximately 4 years ago the 2 upper units were converted to one by simply removing a door to accommodate a family. Could easily replace door & convert back into a 4-unit home as all units have their own separate entrance. Driveway expands at rear of property, with more than ample private parking available on site... This home could easily accommodate 6-8 cars! All current tenants have been long-term, though without any lease agreement. Vacancies for all of these units are extremely rare & very short-lived because of this property's ideal location and visibility. This is truly a headache-free investors dream!

Listing information

  • MLS® ID: 3759457
  • Status: Sold on 1/11/2016
  • New Construction: No
  • Lot Area: 1.52
  • School District: Ravenna Csd
  • Style: 4 - Plex
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $3,170
  • Year Built: 1900
  • Parking Type Description: Inside Entry 2 cars
  • Total Square Footage: 3,860 ($27.72 per sq. foot)
  • County: Portage

Features

Appliances Equipment Range, Refrigerator, Smoke Detector
Basement Detail Full, Other, Unfinished
Cooling Type Window Unit(s)
Driveway Unpaved
Exterior Brick
Fences Chain Link, Partial
Garage Features Access from Unit, Attached, Parking Lot
Heating Fuel Gas
Heating Type Baseboard, Fireplace-Other, Forced Air
Lot Description Addt'l Land Avail
Other Basement YN - 1, Baths Total - 4.00, Living Area Total - 3860, Num Of Buildings - 1, Num Of Units - 4
Possession Negotiable
Property Subtype Four
Roof Asphalt/Fiberglass
Water Sewer Public Water, Septic
Listing Courtesy of Century 21 Wilbur Realty, Inc.