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    34 W Church Street

    Newark, OH 43055
    • $499,900
    • STATUS: Active
    • ON SITE: 95 days
    • MLS #: 221003259
    UPDATED: 190 min ago
    $499,900
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,860
      SQFT
    • $85
      $/SQFT
    Type:
    Multi-Family
    Built:
    1890
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Terrifics Investment Opportunity in Central Ohio. 12 Unit Apartment Building.Each unit will rent from 795mo to 995mo. Plenty of nearby city parking. Property to be Purchased AS IS and will require demo and complete rebuilt, which rehab will be appx 425k. ARV of this property is appx. 1.75mThe City of Newark offers appx 12 Year Tax Abatement on this property. This property was in contract but buyers loan was denied so its back on the market and ready for you. Projected Monthly income of $10,740.00Investment 375k Purchase + 425k Rehab = 800k Investment.After Rehab Valuation is 1.3m Buyer to provide architectural plans.

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    © 2021 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CARLETON REALTY, LLC. Data last updated: 2021-05-10T23:51:38.867.
    www.carletonrealty.com/homes/113926570
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    34 W Church Street Newark, OH 43055

    • Price: $499,900
    • Status: Active
    • Updated: 190 min ago
    • MLS #: 221003259
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    5,860
    SQFT
    $85
    $/SQFT
    1890
    Built
    County:
    Licking
    Area:
    Newark
    School District:
    Newark Csd 4507 Lic Co.
    Property Description
    Terrifics Investment Opportunity in Central Ohio. 12 Unit Apartment Building.Each unit will rent from 795mo to 995mo. Plenty of nearby city parking. Property to be Purchased AS IS and will require demo and complete rebuilt, which rehab will be appx 425k. ARV of this property is appx. 1.75mThe City of Newark offers appx 12 Year Tax Abatement on this property. This property was in contract but buyers loan was denied so its back on the market and ready for you. Projected Monthly income of $10,740.00Investment 375k Purchase + 425k Rehab = 800k Investment.After Rehab Valuation is 1.3m Buyer to provide architectural plans.
    Exterior Features

    Lot Size Frontage 20 Lot Size Side 99

    Interior Features

    Heat Fuel Gas Heating Forced Air

    Property Features

    Auction No Between Street1 N. 3rd Street Between Street2 N. 4th Street Built Prior To1978 Yes Corp Limit Per Auditor Newark For Exchange No For Sale Yes Multifamily Sub Type Midrise New Financing ConventionalLand ContractOwner Services Available ElectricGasSanitary SewerWater Tax District 054 Tax Year 2019 Taxes Yearly 2577.00 Township None Year Remodeled 2017

    Listing provided courtesy of Rick E Starr of Real Estate Stars Experience Matters, Llc


    © 2021 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or CARLETON REALTY, LLC. Data last updated: 2021-05-10T23:51:38.867.
     
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    Westerville OH, 43081
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