226 W Union Street

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226 W Union Street

Athens, OH 45701
Asking Price
$285K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Athens.
  • Property contains two distinct units for residential leasing.
  • Located at 226 W Union Street in Ohio.
  • Asking price for the investment asset is $284,900.
  • Situated within an established and growing regional submarket.

What's Special

This multifamily apartment building contains two individual units and is available for purchase in Athens, Ohio. Positioned at 226 W Union Street, the property sits within a vibrant regional hub known for its academic influence and steady demand for local housing. The location provides convenient access to the core services of the city, supporting consistent occupancy potential for residential investors. Given its configuration, the asset serves as a functional addition to a rental portfolio, well-suited for tenants looking to remain close to the downtown core and major local institutions. The regional economy remains bolstered by the stability of nearby educational employers and a consistent population base seeking accessible apartment living arrangements. Prospective buyers can leverage the two-unit layout to capitalize on the ongoing demand for housing options in this established Ohio market.

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NOI
$80,000
Cap Rate
28.08%
DSCR
4.73
Strong
Cash-on-Cash
73.81%
Monthly Payment
$1,409.53
Annual Cash Flow
$63,085.643

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