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640 S Prospect Street, Marion, OH 43302

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For Sale

$89,900

0.22 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

INVESTOR ALERT! Here's your chance to pick up a fully occupied duplex in Marion, Ohio with immediate cash flow and plenty of room to add value. 640 S Prospect St features two 2-bedroom, 1-bath units currently rented at $475 per unit ($950/month total). Long-term tenants are in place, providing stable income from day one. The property does need some TLC the detached garage roof needs attention, some windows require repair, and overall cosmetics could use a refresh. That's why we've priced this opportunity to reflect the condition and upside potential. The Upside: Marion market rents for similar units are $650-$750/month per side after updates Future cash flow could exceed $1,300-$1,500/month gross rents Separate utilities already in place Easy value-add by cleaning up and increasing rents on turnover.
MLS# 225020081

Courtesy Of RE/MAX Revealty

(614) 505-7438

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.22 Acres

Map and Directions

Directions to 640 S Prospect Street, Marion, OH 43302

Home seller CENTURY 21 Excellence Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Excellence Realty

(800) 783-2100
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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