132 E George Street, Marion, OH 43302
$2,850,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$2,850,000
List Date:
4/01/2025
Last Modified:
4/02/2025
Description
Incredible opportunity to own a 35 unit cash flowing portfolio in Marion, Ohio. Consists of a 15 unit complex complete with a laundry facility and a 3000sf garage/office, as well as 10 doubles in close proximity allowing for efficient property management. All units have been updated over time by owners and rents are at market rates making this a true turnkey opportunity with a current 9.5% cap rate! The owners self manage and would assist new owners with transfer of their online management system through Tenant Cloud.
Supplements: ********
More Information MLS# 225002392
Location Property Info
Original List Price: 2850000
Sold Price: $2,850,000
Property Sub Type: Mixed Use
Street #: 132
Street PreDirection: E
Street Name: George
Street Suffix: Street
County: Marion
State: OH
Zip Code: 43302
School District: MARION CSD 5102 MAR CO.
Township: Marion
OfficeContract Info
Status: Closed
MLS Entry Date: 2025-01-27
General Property Info
Number of Units: 35
# of Buildings: 17
Year Built: 1920
Built Prior to 1978: Yes
Acreage: 0.25
Tax Info
Parcel #: 12103000-2800
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 12103000-2900,12419000-3200,
12205010-1500, 12206000-1100,
12313000-2100, 12314000-4700,
12206000-1300, 12204000-0600,
12212000-1000, 12205010-0500,
12206010-2700
Tax Abatement: No
Tax Incentive: No
Status Change Info
Under Contract Date: 2025-01-27
Sold Date: 2025-03-31
Sold Price: $2,850,000
1 Bedroom
1 Bedroom # of Units: 6
1 Bedroom Month Rent Per Unit: 650
2 Bedroom
2 Bedroom # of Units: 25
2 Bedroom Month Rent Per Unit: 850
3 Bedroom
3 Bedroom # of Units: 4
3 Bedroom Month Rent Per Unit: 1100
Other
Other # of Units: 2
Other Month Rent Per Unit: 1000
Expenses
R.E. Taxes: 13108
Property Insurance: 18928
Repairs&Maintenance: 13240
Misc Expense: 15000
Water Expense: 10610.8
Auction Info
Auction/Online Bidding Y/N: No
Property Features
Addl Acceptance Cond: None Known
Parking Features: 3 Car Garage; On Street; Common
Owner Pays: Sewer
Tenant Pays: Electricity; Gas; Trash Collection; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: Central Air; Other
Construction: Brick; Vinyl Siding
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Sewer Available; Storm Sewer; Water Available
Miscellaneous: Basement; Security System
MLS Primary PhotoSrc: Realtor Provided
Listing Office: Keller Williams Consultants
Listing Agent: Christopher Shea
Last Updated: April - 02 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2020 Columbus Board of Realtors. All rights reserved.
