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Donna Carstens

donna.carstens@realistar.com +1(614) 560-9449

Listed by V. Patrick Hamilton RE/MAX Alliance Realty

$199,900

Est. payment - /mo

4 Beds

2 Baths

1,440 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $138

MLS Listing ID 1048221

Bedrooms 4

Full Baths 2

Year Built 1950

Tax Year 2025

Source Western Regional Information Systems & Technology (WRIST)

Property Description

First time on the market in many years, this well maintained double located on the corner of East Lawn Avenue and East Ward Street in Urbana. This property has been a well kept part of the neighborhood for many years, and if you've driven by and admired its appearance, now is your opportunity to own it. Both units are currently occupied by long term tenants, making this a great opportunity for an investor looking to add a solid property to their rental portfolio or for someone looking to start building their investment portfolio. Each unit offers 2 bedrooms and 1 bathroom, providing a comfortable and practical layout for tenants. Both units also feature washer and dryer hookups, while the existing appliances belong to the tenants. The property is heated by gas and does not have central air conditioning. Tenants are responsible for their own electric and gas, while the owner pays the water and sewer, which averages approximately $60-$80 per month. There are 2 off Street parking spaces. Several important updates have already been completed, helping provide peace of mind for the next owner. The metal roof was replaced in 2018, the water heater in Unit 402 was replaced in 2023 and a new water/sewer line was installed from the curb in 2024. The property has been cared for over the years and offers the benefit of having both units occupied. The tenants have also demonstrated long term stability, with the tenant in Unit 402 having been there for approximately 5 years and the tenant in Unit 404 for approximately 6 years. Current rents have not been increased since the tenants moved in and are considered to be on the low side for the community, offering a potential opportunity for future rental income growth for the new owner. Whether you're an experienced investor looking to expand your rental holdings or someone ready to take the first step into real estate investing, this 2 unit apartment offers an excellent opportunity.

Location

State OH

County Champaign

Zoning Residential

Direction Scioto Street (US Hwy 36) East of Downtown Urbana to North on East Lawn Ave.

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Heat Source Natural Gas

Exterior

Exterior Feature Vinyl Siding

Parking Features No Garage

Utilities Available Natural Gas Connected

Building

Lot Description Residential Lot

Story One

Sewer Public Sewer

Water Supplied Water

Level or Stories One

Schools

High Schools 1104 Urbana Csd

School District 1104 Urbana Csd

Others

Tax ID K482500031302700

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Donna Carstens

+1(614) 560-9449

Auctioneer/Real Estate Agent License ID: 437075

402404 East Lawn Avenue Urbana, OH 43078

Donna Carstens

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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