Property Description
This income-producing four-plex offers immediate cash flow with upside potential. Two units are fully finished, renovated, and currently operating as active Airbnb rentals, generating $825 per week combined. Airbnb income history is available upon request. The remaining two units require only light finishing work to bring them online, presenting an excellent value-add opportunity for increased rental income. Major updates have already been completed, including a new roof, new gutters, and new windows, providing peace of mind for the next owner. Construction materials currently on the property can be negotiated with the sale, helping reduce renovation costs. Additionally, a neighboring parcel conveys with the property, offering the perfect setup for off-street parking or future development.
Whether you're looking to expand your short-term rental portfolio or convert to long-term rentals, this property offers flexibility, strong potential returns, and room to grow. Don't miss this rare multi-unit opportunity in Powhatan Point!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Days on Market: 19
Heating: Forced Air, Gas
Lot Size: 0.19 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $521 / year
Year Built: 1900
Feature Descriptions
Exterior: Stone
Parcel#: 53-01047-000
Parking: Parking Lot
Sewer: Public Sewer
Water: Public
Local Schools
School District: Switzerland of Ohio - 5601
121 1st Street | MLS# 5181324
This multi-family property located at 121 1st Street, Powhatan Point, OH 43942 is currently listed for sale with an asking price of $150,000. 1st Street is located within the Switzerland of Ohio - 5601 school district. Search Powhatan Point real estate on www.kaszycarealestate.com today.