Map
Listed price in listed location currency (USD).
$1,595,000

0020

MLS® 226039517

Overview

Key Facts

Type Condominium
Levels Residential Income
Size -
Garage 
Maintenance Fees 
Taxes $9,655
Days Active 3
Approx. Age 1965
MLS® Number 226039517

Property Address: 376 Hudson Ave, Newark, OH, 43055-5841

Average square foot calculated using Size range provided by listing agent.

Description

This excellent investment opportunity features a 14-unit all encompassing garden-style apartment building, with one parking lot, one building, roof, waterline, etc. This property is situated on a ±0.43-acre lot in Newark, Ohio, comprising of seven upper-level units and seven main-level units. Each one-bedroom, one-bathroom layout includes comfortable living and kitchen spaces, with many units recently updated. The property benefits from strong, stable demand driven by four long-term military tenants and five tenants utilizing guaranteed-rent LMHA assistance, delivering reliable cash flow. Operational efficiency and tenant convenience are further enhanced by professional lawn care, street parking alongside 20 on-site rear spaces, and valuable on-site amenities including a laundry facility and downstairs storage units that generate an additional income stream (with the Jetz laundry contract running through August 2027). The property boasts solid maintenance history, featuring five water tanks and four AC units replaced within the past three years. (Note: Sales are conducted via curb offers only--please respect tenant privacy and do not disturb occupants.)
MLS® Number226039517
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1965
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CWindow Unit(s)

Extras

Map

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