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802 S Main St
Franklin, OH 45005
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,417 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1985 |
| Lot Size | 1.12 AC | Parking Ratio | 3.24/1,000 SF |
| Zoning | APTS 4-19 units | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 1.12 AC |
| Building Size | 7,417 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 3.24/1,000 SF |
| Zoning | APTS 4-19 units |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Double Pane Windows
- Freezer
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
ABOUT 802 S MAIN ST , FRANKLIN, OH 45005
The subject property consists of 10 total units with 4 towhome units having 1.5 bath. The other 6 units are single story slabs with 1 bathroom. The property boasts a strong historical occupancy typically preferred by seniors. The owner supplies the water, heat, air and trash while tenants pay their own cable. The units are all electric-no gas. Heat supplied by baseboard with wall AC sleeves. The property is in need of some cash infusion but after completed will easily push out 12% cap rate + returns. The property is easy to manager and maintain. Plenty of off street parking. Extra lot comes with the offering that can be turned into more units or garages.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 2+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 04-31-156-033 | Improvements Assessment | $220,700 |
| Land Assessment | $21,000 | Total Assessment | $241,700 |
PROPERTY TAXES
