N Spring Street

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N Spring Street

Wilmington, OH 45177
Asking Price
$120K
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 purchase in Wilmington
  • Asset listed at an asking price of $119,900
  • Property situated on N Spring Street in Ohio
  • Provides investment potential within a stable Clinton County market
  • Suitable for investors seeking residential rental income opportunities

What's Special

Priced at $119,900, this multifamily apartment building on N Spring Street in Wilmington, Ohio, provides a straightforward acquisition for investors focused on the local rental market. The asset sits within Clinton County, a region characterized by its blend of agricultural roots and proximity to broader regional economic hubs. Its location offers accessibility for residents working within the city or commuting to larger nearby metropolitan areas via the existing highway network. Given the typical demand for apartment housing in these secondary markets, this property represents a practical addition to a residential investment portfolio. Prospective buyers may consider this site for long-term rental income generation or potential repositioning strategies suited to the local tenant base. The building serves as a functional piece of housing stock in a community that balances suburban living with established regional infrastructure.

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NOI
$80,000
Cap Rate
66.72%
DSCR
11.24
Strong
Cash-on-Cash
202.62%
Monthly Payment
$593.2
Annual Cash Flow
$72,881.603

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