Property Description

Income-producing investment opportunity featuring three tenant-occupied units generating $2,150 per month ($25,800 annually). The property includes a duplex w/two units situated on one parcel, both sharing water and septic, along with a third unit located on a separate parcel. Owned & maintained for over 30 years, w/updates including roof, electrical panels, plumbing, and regularly service septic system. Sale includes two parcels. Property is being sold As-Is. Ideal opportunity for investors seeking immediate cash flow.

6745 State Route 38 SE | MLS# 226008299

This multi-family property located at 6745 State Route 38 SE, London, OH 43140 is currently listed for sale with an asking price of $159,900. State Route 38 SE is located within the MADISON PLAINS LOCAL school district. Search London real estate on 486royeravenuenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: None

Days on Market: 4

Heating: Hot Water

Lot Size: 0.12 Acres

Taxes: $1,610

Year Built: 1920

Feature Descriptions

Parcel #: 14-00102.000

Utilities: Water Available, Sewer Available, Electricity Available

Local Schools

School District: MADISON PLAINS LOCAL

Demographics

Madison County Demographic Information for 6745 State Route 38 SE, London, OH 43140

Fips

Fips Code 39097

Population

2020 to 2023 Change up 1.8%

2010 Count 43,435

2020 Count 43,824

2023 Estimate (V2023) 44,602

2020 Estimate (V2023) 43,843

Age Distribution (Years Old)

0 to 4 5.1%

5 to 17 20.8%

18 to 64 59.2%

65 and Older 14.9%

Gender

Male 55.0%

Female 45.0%

Place of Birth

Foreign 1.9%

US 98.1%

Education

High School Graduate, Age 25+ 88.8%

Bachelor's Degree or Higher, Age 25+ 20.4%

Computer and Internet use

Households with a computer 93.4%

Households with a broadband Internet subscription 89.1%

Language

English is Second Language, Age 5+ 5.1%

English is First Language, Age 5+ 94.9%

Veterans

Veterans 2,598

Income

Per Capita Income $33,512

Median Household Income $77,062

People in Poverty 10.0%

Commute

Average Work Commute Time 25 minutes

Housing

Total Housing Units 16,143

Households 15,264

Average Household Size 2.57

Owner-Occupied 75.9%

Multi-Family 13.2%

Owner-Occupied Median Value $201,200

Median selected monthly owner costs -with a mortgage $1,424

Median selected monthly owner costs -without a mortgage $547

Median gross rent $899

Building Permits

New Private Housing Issued 2023 274

Years at Residence

1 Year or More 85.9%

Less Than 1 Year 14.1%

Business and Employment

Private non-farm Establishments 711

Private non-farm Employment 15,740

Private non-farm Employment Growth up 6.6%

Nonemployer Establishments 3,013

Number of Firms 2,967

Business Production

Value of Shipments $1,328,540,000

Wholesale Trade $0

Retail Trade $1,745,971,000

Retail Sales Per Capita $0

Accommodation and Food Services $51,887,000

Land

Land Area 465.88 sq. miles

Population Per Square Mile 94

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 960.96 per month $780.15 Principal & Interest $134.17 Property Tax $46.64 Homeowner's Insurance

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6745 State Route 38 SELondon, OH 43140