Listed By
Agency Name: Generations Realty
Agency Phone: 740-389-5500
Agent Name: Chris Massey
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Investor Opportunity in the Heart of Marion!Don't miss this fully updated 4-unit income-producing property located at 551-553 S Main St in Marion, Ohio. With 2 - 2 bed units and 2 - 1 bed units this property has currently generated $3,550/month in rental income. This turnkey investment is already ready to start cash flowing from day one! New roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances. This property has been thoughtfully renovated and inspected, including a Certificate of Occupancy from the Marion Building and Fire Departments as a 4-unit property, giving you peace of mind and minimizing future maintenance concerns. Even better, it benefits from a Community Reinvestment Area (CRA) tax abatement, helping maximize your return by significantly reducing property taxes for the next 9 years.Situated in a desirable neighborhood with strong rental demand, this location is close to quality schools, local amenities, and major conveniences, making it attractive to long-term tenants.Whether you're a seasoned investor or just getting started, this is a rare opportunity to own a stabilized, income-generating asset with built-in tax advantages!
Property Features
Property Type: Multi Unit - Multiple
Heating: Forced Air
Lot Size: 0.14 Acres
Taxes: $939
Year Built: 1920
Feature Descriptions
Parcel #: 12-3050013.100
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
Local Schools
School District: MARION CITY
Estimate Your Payment
Estimated Payment
$ 1,690.08 per month $1,524.36 Principal & Interest $78.25 Property Tax $87.47 Homeowner's InsuranceChange Payment Information
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551 S Main Street | MLS# 226010254
This multi-family property located at 551 S Main Street, Marion, OH 43302 is currently listed for sale with an asking price of $299,900. S Main Street is located within the MARION CITY school district. Search Marion real estate on www.cutlerhomes.com today.