231 N Main Street, Urbana, OH 43078
sale
$300,000
|
Other
Courtesy Of Howard Hanna Real Estate Services
Turn-key, income-producing mixed-use property offering strong cash flow and a solid 9.0% cap rate. This fully leased two-unit building features a street-level commercial storefront paired with a second-floor residential apartment, making it an ideal opportunity for investors seeking stable, diversified income. The commercial space is currently leased at $1,200 per month, while the upper-level apartment generates $1,450 per month, for a total gross annual income of $31,800. With modest operating expenses and an annual NOI of $27,084, this property delivers reliable performance from day one. Both units are occupied under existing leases, providing immediate cash flow and minimizing vacancy risk. The highly visible Main Street location enhances long-term desirability for the commercial tenant while maintaining strong rental demand for the residential unit above. Whether you are expanding your portfolio, seeking a hands-off investment, or targeting a stabilized asset with upside potential, this property represents a compelling opportunity at an attractive price point. Offered at $300,000 - invest with confidence in a fully leased, mixed-use asset with proven returns.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Stone
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 1043352
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