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$329,900
Est. payment /mo
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Midrise
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226040197
Year Built 1900
Annual Tax Amount $1,515
Lot Size 10,890 Sqft
Lot Dimensions 0.25
Property Sub-Type Midrise
Source Columbus and Central Ohio Regional MLS
Property Description
6-Unit Multi-Family Value-Add Opportunity with Strong Immediate Cash Flow!
Strategically located in a high-demand rental pocket of Shelby, Ohio, 25 S Gamble St offers a rare blend of immediate, stabilized revenue and immense equity-building potential. This fully occupied, 6-unit asset generates under market rents.
Property Highlights & Unit Breakdown:
5 of 6 Units Occupied
Renovation Upside: 2 out of the 6 units have been renovated, setting a strong baseline for market-rate potential. The remaining 4 units offer a straightforward value-add path to finish updating and instantly capture higher market rents.
The Ultimate Value-Add Play (Utility Optimization): The property is currently operated with utilities included in the rent. Property could be implemented with a sub-metering strategy or a Ratio Utility Billing System (RUBS).
Capital Improvement Potential: The building needs new windows across the units. This known capital expenditure gives a buyer excellent leverage to negotiate a favorable purchase price while permanently lowering future utility overhead once installed.
Whether you are looking to buy and hold a cash-flowing asset or execute a strategic utility-pivot to force massive appreciation, 25 S Gamble St is a premier choice in North Central Ohio's competitive multi-family market.
Serious inquiries only. Proof of funds or pre-approval required for private showings. Do not disturb the tenants.
Closing will take place at Title Agency of Seller's choosing.
Sold AS-IS
Strategically located in a high-demand rental pocket of Shelby, Ohio, 25 S Gamble St offers a rare blend of immediate, stabilized revenue and immense equity-building potential. This fully occupied, 6-unit asset generates under market rents.
Property Highlights & Unit Breakdown:
5 of 6 Units Occupied
Renovation Upside: 2 out of the 6 units have been renovated, setting a strong baseline for market-rate potential. The remaining 4 units offer a straightforward value-add path to finish updating and instantly capture higher market rents.
The Ultimate Value-Add Play (Utility Optimization): The property is currently operated with utilities included in the rent. Property could be implemented with a sub-metering strategy or a Ratio Utility Billing System (RUBS).
Capital Improvement Potential: The building needs new windows across the units. This known capital expenditure gives a buyer excellent leverage to negotiate a favorable purchase price while permanently lowering future utility overhead once installed.
Whether you are looking to buy and hold a cash-flowing asset or execute a strategic utility-pivot to force massive appreciation, 25 S Gamble St is a premier choice in North Central Ohio's competitive multi-family market.
Serious inquiries only. Proof of funds or pre-approval required for private showings. Do not disturb the tenants.
Closing will take place at Title Agency of Seller's choosing.
Sold AS-IS
Location
State OH
County Richland
Area 0.25
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling None
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Shelby Csd 7008 Ric Co.
School District Shelby Csd 7008 Ric Co.
Others
Tax ID 046-08-018-18-000
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Listed by Glen Whitten Ohio Property Group, LLC
Nearby Locations
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