47 Morgan St
Oberlin, OH 44074
Specialty Property For Sale · 4,166 SF

Fantastic Oberlin College Student rental opportunity within walking distance to Oberlin College! This 7 unit building is just the cash flow opportunity you have been waiting for, bringing in approx $48,000 gross annually. Some units have 2 bedrooms, some have three and there is a private unit above the garage space that is separate from the other 6 in the building that is perfect for a college faculty member or tenant who desires a little more privacy. The plumbing has been updated and the exterior siding was painted in 2017. The entry and hallways were painted in the summer of 2018. Each unit has its own separate electric meters and fuse boxes so tenants can be responsible for their own electric bills. Each unit comes fully furnished and includes a refrigerator, stove, and microwave. The common basement area has a coin laundry for tenant use. The driveway was chip sealed 3 years ago and there is a private parking for the tenants. All of the units are rented out through June 2019 and four of the seven units are rented out through the 2019-2020 academic school year. A minimum of 24 hour notice is required to show, preferably more. The seller will meet at the building for showings. The boiler and roof are in good working order and are approx 20 years old. The separate apt unit above the garage has its own furnace and hot water tank.