MLS#5181565
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONLexington Centre 02
SCHOOLMarlington Local
Property Description
Investor Alert! Value-add multifamily opportunity with immediate upside! This property features a strong unit mix of eight (8) 2-bedroom units and six (6) 1-bedroom units, currently operating at below-market rents. Current gross income is approximately $7,645/month, offering a clear path to increased cash flow. With modest rent adjustments to market rates, projected gross monthly income jumps to $11,550.00/month, creating a significant upside for investors seeking forced appreciation. Ideal for a hands-on or strategic investor looking to stabilize rents, increase NOI, and unlock long-term value. Solid fundamentals, desirable unit mix, and strong rental demand make this an excellent addition to any multifamily portfolio.
Property Features
Property Type: Commercial - Business
Cooling: Electric
Heating: Radiant
Lot Size: 0.96 Acres
Stories: 2.0
Taxes: $13,000 / year
Year Built: 1979
Feature Descriptions
Days on Site: 40
Laundry: Coin-operated
Parcel#: 07700458
Parking: Detached, Garage, On Site, Parking Lot, Private
Sewer: Public Sewer
Units: 14
Water: Public
Local Schools
School District: Marlington Local
Listed By / Shown By
Listed By
Agency Name: Keller Williams Legacy Group Realty
Agency Contact: tracywhaley@kw.com, 330-257-0829
Shown By
Agency Title: M.C. Real Estate
Agency Phone: (330) 723-9911
2045 Glamorgan Street | MLS# 5181565
This commercial property located at 2045 Glamorgan Street, Alliance, OH 44601 is currently listed for sale with an asking price of $1,134,000. Glamorgan Street is located within the Marlington Local school district. Search Alliance real estate on www.mcrealestateohio.com today.