712 W Light St 10 Unit Apartment Building $650,000 ($65,000/Unit) 7.11% Cap Rate Urbana, OH 43078

Well-Maintained Multifamily Asset:
The property has been meticulously maintained, showcasing strong ownership pride and solid physical condition. Ongoing care and recent improvements have enhanced both curb appeal and long-term durability.
Strong Occupancy & Tenant Stability:
The asset benefits from high occupancy, reflecting its desirability and consistent management. A well-kept environment has contributed to tenant satisfaction and reduced turnover.
Renovated Unit Interiors:
Select units have been upgraded with modern finishes, including updated kitchens and bathrooms, new flooring, and contemporary fixtures—supporting increased rental rates and improved tenant retention.
Mark-to-Market Rental Upside:
Given current demand for quality housing in Urbana, the property offers clear potential to increase rents. A new owner can continue executing a rent growth strategy by aligning in-place rents with market levels.
Attractive, Convenient Location:
Situated in an established neighborhood, the property offers proximity to schools, parks, retail, and major transportation routes—appealing to a broad tenant base including families and young professionals.
Stable Cash-Flowing Investment:
With strong occupancy, recent upgrades, and operational consistency, the property provides reliable in-place income along with upside potential—making it an attractive opportunity for both new and experienced investors.