$780,000 SALE
Multi-Family
6,534 SF
316 E William St
Delaware, OH 43015


MULTIFAMILY FOR SALE


Eight 8 multifamily units located in downtown Delaware, Ohio. Sitting on .37 acres, this apartment building is walking distance to all of Delaware's restaurants, shops, and amenities, as well as, the Ohio Wesleyan University campus. This is a two-story walk up style multiple resident property. The property is comprised of eight 2 bedroom, 1 bathroom units. Each unit has a kitchen equipped with refrigerator, microwave, and gas stove. The property is heated through a forced air gas system and cooled by individual wall air conditioning units that are provided in each unit. Currently the property is 100% occupied with the 5 of 8 units updated and at market rent. A 2021 proforma based on the current market rents would yield an NOI of $46,950.00 The property boasts significant upside potential through renovating and raising the rents to the market average.


Property Type Multi-Family
Property Use Rental or Investment
Year Built 1964
Zoning R-4 Medium Density
Listing ID K7TV27
Style Multi-Family (5-20 Units)
Building Size 6,534 SF
Lot Size 0.37 AC
Available Date Apr 30th, 2021

Property Highlights

Each unit is 650 sq ft

8 two bedroom, one bathroom units

Area Description

Area Description: Located in Downtown Delaware, close to many amenities and just south of Ohio Wesleyan University. It offers easy access to 71, 23 and 315. The City of Delaware is located about 25 miles north of Columbus off State Route 23, is one of the fastest growing communities in Ohio and is the county seat of one of the fastest growing counties in the country. Nearly 2,000 businesses call the City of Delaware home.

Region: East Delaware

Region: Midwest United States

Region: North America

Region: Central Ohio

Property Features
Parking Places: 10
Location Name: Delaware, Ohio
Water: City Water
Sewer: City
Lot Size: Under 1/2 Acre
Age: Over 50 Years Old
Area Description: Suburban
Lot Description: Access Type - Road
Cooling: Central A/C
Road Type: City / Town Street
Additional Media Area Demographics