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Listed by V. Patrick Hamilton RE/MAX Alliance Realty

$809,900

Est. payment - /mo

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14 Beds

12 Baths

7,232 SqFt

Active Under Contract

620672 Hagenbuch Street Urbana, OH 43078

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Mo Carpenter

mocarpenterrealtor@gmail.com +1(614) 623-8268

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Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,232 sqft

Price per Sqft $111

MLS Listing ID 1047199

Bedrooms 14

Full Baths 12

Year Built 1955

Tax Year 2025

Lot Size 1.190 Acres

Lot Dimensions 1.19

Source Western Regional Information Systems & Technology (WRIST)

Property Description

This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors. Please allow a minimum of 48 hours for showing requests.

Location

State OH

County Champaign

Area 1.19

Direction North Oakland Street (State Route 29) to West Hagenbuch Street.

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Appliance Range, Refrigerator

Heat Source Natural Gas

Exterior

Exterior Feature Cedar, Vinyl Siding

Parking Features No Garage

Utilities Available Natural Gas Connected

Building

Lot Description Residential Lot

Story One

Sewer Public Sewer

Water Supplied Water

Level or Stories One

Schools

High Schools 1104 Urbana Csd

School District 1104 Urbana Csd

Others

Tax ID K482500040501202

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/wrist/1047199

NEARBY SCHOOL & BUSINESS

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Mo Carpenter

Agent & Co-Owner

+1(614) 623-8268

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