Description
Excellent investment opportunity with this 8-unit apartment complex situated on 3.1 acres and consisting of two duplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new stainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all buildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate additional income, plus a storage building that could also be rented for extra revenue. One of the duplexes currently has below-market rent, offering immediate upside potential by updating the units to match the others and increasing rental rates. 1.44 acres of vacant land provides room for future development or additional income-producing structures. With strong occupancy history and a convenient location just 20 minutes from Athens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether you're a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add opportunities, and room to grow.
Listing information © 2026 YES-MLS.
Description
Excellent investment opportunity with this 8-unit apartment complex situated on 3.1 acres and consisting of two duplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new stainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all buildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate additional income, plus a storage building that could also be rented for extra revenue. One of the duplexes currently has below-market rent, offering immediate upside potential by updating the units to match the others and increasing rental rates. 1.44 acres of vacant land provides room for future development or additional income-producing structures. With strong occupancy history and a convenient location just 20 minutes from Athens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether you're a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add opportunities, and room to grow.
Listing information © 2026 YES-MLS. All rights reserved.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Griggy Property Group | KW Chervenic are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2026-01-13T12:07:59.517.