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Key Details
Sold Price $375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,322 sqft
Price per Sqft $51
Subdivision Indian Lake
MLS Listing ID 1008471
Sold Date 03/25/21
Style Combination
Bedrooms 10
Full Baths 8
Year Built 1930
Annual Tax Amount $6,198
Tax Year 2020
Lot Size 1.300 Acres
Lot Dimensions 1.3 acres
Property Description
Check out the Villa Rentals! This former motel complex located on 1.3 acres features approximately 7322 square feet within the 10 buildings. There are 15 units consisting of 6 a-frame units, 3 homes and 6 apartments plus a metal garage and two storage sheds. GMI $11,550 and Zoned B-3. A-frame units - owner pays all utilities: 4 have 1 bedroom, loft & a bathroom (rent $750-850/mo each); 2 have loft & bath with heart-shape tubs. Apartments - owner pays all utilities: two 1 bedroom, 1 bath units (rent $650-700/mo each); two studio units (rent $650/mo each); one efficiency unit (rent $500/mo each). Unit#9 House - owner pays sewer/trash: three bedrooms and one bath (rent $800/mo and tenant pays gas/electric). Unit#16 Home - owner pays trash: one bedroom and one bath (rent is $800/mo). Main Unit home - owner pays water/sewer/trash/electric/gas: three bedrooms and one bath (rent is $1150/mo). There is coin-laundry and the machines are owned. The owner is the property manager. The land is located along US 33 across from the Lakeview harbor and near downtown! [The property will not be having private showings and will be shown only during the scheduled public open house on Monday 02/15/21 from 4:00pm-5:00pm.]
Location
State OH
County Logan
Area 902 Indian Lake
Zoning Business
Rooms
Basement Crawl Space
Interior
Heating Electric, Natural Gas
Exterior
Exterior Feature Vinyl Siding, Wood Siding
Garage Detached
Garage Spaces 2.0
Utilities Available Natural Gas Connected, Sewer Connected
Building
Foundation Slab
Sewer Public Sewer
Water Supplied Water
Level or Stories One, One and One Half
Schools
School District 4603 Indian Lake Lsd
Others
Ownership Non-Occupant
Financing Cash,Conventional
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Bought with Howard Hanna Real Estate Services